Impact on XAUUSD: XAUUSD represents the value of one ounce of gold in terms of the U.S. dollar. The Fed’s interest rate decisions and FOMC statements can influence the price of gold and, consequently, the XAUUSD pair. a. Inverse Relationship: Historically, there has been an inverse relationship between interest rates and the price of gold. … Continue reading Powell is going to influence gold today, as per the FOMC data – 26-7-2023