(VIANEWS) – Two-day Federal Open Market Committee meeting is over. The statement was released this afternoon.
FXStreet confirmed that the Fed was merely holding a temporary meeting. The market expected a moderately hawkish Fed statement.
There were expectations of the acknowledgements of inflation risks, risks of the delta variant and tha was what we had from the statement.
Gold (GC) is currently on bearish momentum. At 15:04 EST on Friday, 30 July, Gold (GC) is at $1,814.80 and 1.14% down since the last session’s close.
Today’s last reported volume for Gold is 144560, 100% below its average volume of 33571561293.74.
Concerning Gold’s daily highs and lows, it’s 0.482% up from its trailing 24 hours low of $1,806.10 and 0.971% down from its trailing 24 hours high of $1,832.60.
Gold’s last week, last month’s, and last quarter’s current volatility was a negative 0.10%, a positive 0.10%, and a positive 0.49%, respectively.
Gold’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.13% (last week), 0.32% (last month), and 0.49% (last quarter), respectively.
Commodity Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Gold’s commodity is considered to be oversold (<=20).
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