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US Federal Reserve could still surprise gold

The US Federal Reserve is expected by most economists and market participants to approve its third consecutive interest rate increase of 75 basis-points today and to signal plans to further raise the benchmark rate to over 4% to combat inflation.

US Federal Reserve could still surprise gold US Federal Reserve could still surprise gold US Federal Reserve could still surprise gold US Federal Reserve could still surprise gold US Federal Reserve could still surprise gold

US Federal Reserve to announce rates

But some believe the Federal Reserve could still surprise markets with a full percentage point increase and hawkish messaging, moves which could potentially lead to further selling in gold - already