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This video was filmed on March 17, 2022.
The US Federal Reserve announced a widely expected interest rate hike this week, bumping the key rate up by 25 basis points in the first increase since 2018.
Gareth Soloway of InTheMoneyStocks.com said his main takeaway was that the Fed is serious about curbing inflation, but is also aware of the risks of going too far.
For its part, gold experienced both peaks and troughs, starting the week in the US$1,950 per ounce range before pulling back mid-week to trade as low as around US$1,907. Once the central bank’s rate hike announcement was out, gold picked back up.
#Investing #Gold #Nickel
0:00 – FED MEETING
1:19 – GOLD
2:03 – NICKEL
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