MBB - Fed Sends Bullish Signal For Gold Investors

The outlook for gold continues to brighten now that it no longer has to compete with higher interest rates. In today’s report, we’ll discuss the Federal Reserve’s latest interest rate statement and its impact on the bullion price. We’ll also examine gold’s next upside objective based on technical factors, as well as its continually improving currency component.

The price of gold was higher on Wednesday in the wake of the latest policy announcement from the Federal Reserve. Gold rallied along with stocks after the latest FOMC meeting. The U.S. central bank held its benchmark interest