Gold & WTI Crude – Post FOMC Trading Levels
Arslan Butt • 1 min read
The Fed monetary hawks seemed to support the Buck during the latest FOMC monetary policy report. Most members acknowledged that the substantial growth supports the plausibility of further hikes in the rate.
Besides sharing hawkish remarks, some FOMC members also made light of their concerns over financial market risks. Overall, the spike in the rate sentiments remains strong, causing bearish moves in the Bullion and commodities markets.
Today, we will see another series of high impact fundamentals, which was briefly discussed in our earlier report, Feb 22 – Economic Events Outlook.
Gold – XAU/USD – Trading Levels
Key Trading Level: 1,330.57
WTI – Crude Oil – Trading Levels
Key Trading Level: 61.33