Inflation might not be transitory, gold price weakness may well be

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The US Federal Reserve (FED) just completed its fourth Federal Open Market Committee (FOMC) meeting of the year last week, an event that is beginning to garner increasing amounts of attention from market participants. Following the meeting’s conclusion on Wednesday, 16 June, the central bank has now signalled that its first interest rate hike may come in 2023 instead of 2024.

Source: Wisdomtree

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