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 Gold Prices Tick Higher in Anticipation of Influential U.S. Inflation Data READ MORE Yen's Volatility Complicates BOJ's Rate Hike Plans, Minutes Show READ MORE Fed's Rate Cuts Ahead: What It Means for the Economy READ MORE World Gold Council: Central Bank Gold Statistics READ MORE Investor Alert: Double Top Pattern & The Looming Financial Crisis READ MORE Add a Comment Cancel replyYour email address will not be published.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