BitcoinWarrior

News and Education

Gold price surge returns as oil also climbs after Fed rate decision

Published by
Euronews (English)

The price of gold was back above the $2000 level on Thursday morning with oil prices also on the rise as investors reacted to the latest interest rate decision by the US Federal Reserve. At the time of writing, the yellow metal was up 2.79% at $2,053.00, while US crude was up 1.05% at around $70 a barrel. Brent was also up on the day, by 1.23% to trade at $75 a barrel. “Gold surged back above $2,000 after the Fed announcement and is once more not too far from the previous record highs. There’s still some way to go to reach last week’s peak, although that probably wasn’t an accurate reflection …

Read More