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 Jobless Claims Drop, Indicating Steady Employment Despite Recent Surge READ MORE Economist Predicts U.S. Recession, Calls for Immediate 'Debt Detox' READ MORE Silver Has A LONG Way To Go READ MORE Gold's Price Peak Sparks Investor Debate READ MORE De-Dollarization: Cross-Border Payment Platform to Include Currencies from Pakistan, India, and Chin READ MORE Add a Comment Cancel replyYour email address will not be published.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