Articles by Myrsini Giannouli

Gold price rose on Thursday to $1,950 per ounce, following the Fed’s rate hike announcement, after dropping since the beginning of the week.

A number of financial and employment US indicators were released on Thursday, including Philly Fed Manufacturing Index, Unemployment Claims and Monthly Industrial Production.

In a highly-anticipated meeting on Wednesday, the Federal Reserve raised its benchmark interest rate by 25 base points, bringing its benchmark interest rate to 0.50%.

WTI traded below the psychological level of $100 per barrel for the second day in a row on Wednesday, falling as low as $94.8 per barrel.

Gold price was steady early on Wednesday, testing its $1916.84 level resistance, as markets awaited the results of the Fed meeting.

In a highly-anticipated meeting on Wednesday, the Federal Reserve raised its benchmark interest rate by 25 base points, bringing its interest rate to 0.50%.

Gold price continued to decline on Tuesday from last week’s highs of $2,050 per ounce, falling as low as $1,907 per ounce.

Bitcoin continued trading below the $40,000 psychological level on Tuesday, with prices ranging between $38,000 and 39,500 and Ethereum traded mostly within the $2,500-2,600 range.

WTI price continued to decline on Tuesday, dropping below the psychological level of $100 per barrel for the first time since the beginning of the month, and falling as low as $94.5 per barrel.