The US Fed has signalled a pause while it waits for the impact of the policy rate hikes taken till now to percolate through the real economy. The labour market in the USA remains very tight and this is one critical area in which the US Fed expects to cool off.
Gold poised for weekly loss as US delays decision on Middle East involvement
Gold prices remained stable on Friday but are set for a weekly loss as President Trump delayed a decision on intervention in the Israel-Iran conflict.