Posted 3/24/2024, 6:00:06 PM
Gold and Currencies Roil After Fed and BoE Decisions; Holiday Week Could Bring More Volatility
- Gold prices whipped higher after dovish Fed statement but have since pulled back as markets digest guidance
- Sterling sank after BoE rate decision as hawkish members conceded to hold rates
- Next week is shortened by holiday so trading conditions likely to be thinner
- US dollar forecasts discussed along with technical setups on EUR/USD, USD/JPY, GBP/USD
- PCE inflation data on Friday could spur volatility heading into the weekend