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XAU/USD slips below 4,550 after the Fed's most divided hold since 1992

XAUUSD fell about 1.5% intraday after the Federal Reserve held rates at 3.50%-3.75% and inserted firmer inflation language. Gold dropped from a session high near 4,610 to a low around 4,510 and traded close to 4,540 as a stronger USD and steady nominal yields outweighed the easing-bias wording. The 8-4 FOMC split — the biggest dissent since 1992 — amplified market uncertainty and selling pressure, with price action carving lower highs and lower lows before a partial intraday bounce. The Fed decision also supported the dollar and pressured major FX pairs (EUR/USD, GBP/USD) and other risk-sensitive assets, leaving a near-term bearish backdrop for bullion.

Category

Gold

Sentiment

Bearish

Event

Market commentary

Reading time

1 min