01 Aug 2025
Gold declines after unexpectedly hawkish Fed meeting – Commerzbank
The Gold price continued to decline following the US Federal Reserve meeting on Wednesday, temporarily dropping significantly below the $3,300 per troy ounce mark, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Medium-term upward potential for Gold
"The decisive factor was that Fed Chair Powell appeared much more hawkish in the press conference than had been expected. This was contrary to the initially released statement, which omitted the reference to previously solid economic growth and instead noted that growth had slowed in the first half of the year."
