Fed hold underscores higher-for-longer narrative

After the US Fed announced a hold in interest rates as expected, Fed chair Powell said that fighting inflation was taking longer than expected but he poured cold water on speculation that the central bank’s next move would be to raise rates. Carsten Menke, Head of Next Generation Research, discusses the recent spike in the price of gold and assesses the impact of Chinese demand and central bank buying.

00:00 Introduction by Helen Freer (Investment Writing)

00:31 Markets wrap-up by Jonti Warris (Investment Writing)

06:17 Gold update by Carsten Menke (Head of Next Generation Research)

10:23 Closing remarks by Helen Freer (Investment Writing)

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