Gold Price Steadies Near $2,300 Ahead of Key FOMC Decision The gold market is showing strong support around the $2,300 level as we approach the FOMC meeting and subsequent press conference. Despite a slight pullback, if gold captures the 50-day EMA, it could rally, overcoming last Friday’s sell-off. A drop below $2,280 might trigger a correction to $2,200 or $2,150, but the long-term uptrend remains intact. Buyers seem determined to sustain gold’s price, driven by potential interest rate cuts and geopolitical concerns, making it risky to short the market now. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Everything's Overvalued: Marc Faber Sees Precious Metals as Safe Haven READ MORE Mortgage Demand Rises as Interest Rates Dip Below 7% READ MORE Gold Faces a Lackluster January with a Close Eye on the Fed READ MORE JP Morgan Gold Traders Contempt for the Law, Plan to Appeal their Convictions READ MORE Gold's Golden January: Historical Trends Suggest a Shiny Start to 2024 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment