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Dollar slips post-Fed, gold gains

Published 05/02/2018, 02:52 PM
© Reuters.  Dollar slips post-Fed, gold gains
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  • The FOMC statement is being parsed to suggest the Fed wouldn't object to inflation overshooting its 2% target.
  • That's sent gold (NYSEARCA:GLD) up by a few dollars per ounce, and the dollar (UUP, UDN) down a few pips.
  • The notable word from the policy statement: "Symetric," as it relates to the 2% inflation target.
  • Now read: A Bearish Case For Gold


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