Articles by Myrsini Giannouli

Gold price remained above the psychological level of $1,900 per ounce on Monday.

The dollar index climbed above 98.5 on Monday, after Fed Chair Jerome Powell pointed to a more aggressive monetary policy.

The Federal Reserve raised its benchmark interest rate by 25 base points on Wednesday, bringing its benchmark interest rate to 0.50%.

WTI rallied on Thursday, climbing back up again above the psychological level of $100 per barrel.

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.