Breaking News

Fed Meeting to Spur Volatility for Gold and Bitcoin

By Naeem AslamMarket OverviewMar 22, 2023 02:52AM ET

www.investing.com/analysis/fed-meeting-to-spur-volatility-for-gold-and-bitcoin-200636485

By Naeem Aslam | Mar 22, 2023 02:52AM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

XAU/USD

-0.06%

Add to/Remove from Watchlist

-0.05%

Add to/Remove from Watchlist

Gold

+0.12%

Add to/Remove from Watchlist

BTC/USD

-4.38%

Add to/Remove from Watchlist

Gold

Today will see further volatility in gold. The price activity over the last two days has been poor, but remember that the price is already flirting with its all-time high. As a result, it is very logical for traders to take some profit following such a spectacular gain.

Everything relies on how the Fed plays its monetary cards. A hawkish position by them is expected to strengthen the dollar index, which might spark a sell-off as the dollar index gains traction. But, after the first jerk response, the gold price may rise since traders do not want to hear the Fed being aggressive with its monetary policies. This is because it introduces more danger into the system, which everyone attempts to avoid.

A dovish Fed might boost gold prices if the dollar index continues to suffer. Overall, given the momentum in gold prices, the path of least resistance is more skewed to the upside than to the downside.

Bitcoin

Due to the US and European banking troubles, the ancient crypto king has received much attention this month. It has reclaimed its status as a safe haven asset while simultaneously demonstrating the very essence of its existence: controlled money via centralized monetary policy is a formula for catastrophe in the contemporary day.

Banks invent them out of thin air and rely on them to restore trust. This aspect, confidence, has become a scarce commodity, and traders and investors doubt every legislative action. Technically, the price is still hesitant to test the 30K price level, but if this level is broken, we are likely to enter a true bullish phase, and talk will begin that the bottom has been reached, Bitcoin's price has doubled in a matter of minutes, and it is time for FOMO.

Comments (2)

Market Internals Improve, but Market Breadth a Challenge By Craig Thompson - Jun 05, 2023

The S&P 500The Federal Reserve has been increasing interest rates as a means to manage inflation by reducing overall demand in the economy. This strategy is intended to stabilize...

Here's How to Jump on the Nvidia and Meta Bandwagon at This Point By Ismael De La Cruz/Investing.com - Jun 05, 2023 6

Nvidia and Meta's stocks have skyrocketed this year Investors looking to gain from Meta and Nvidia's rallies have plenty of ways to do so And low-cost ETFs are one of the best...

Silver’s Swoon Should Resume By Alex Demolitor - Jun 05, 2023

After a brief rally, U.S. nonfarm payrolls helped suppress silver’s momentum. Is there more downside ahead? While the permabulls bought into the rate-cut hype, we warned on Apr. 14...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

Comments (2)

Alexandros Masoutis Mar 23, 2023 12:59AM ET

Follow this post

Unfollow this post

Save

Saved. See Saved Items.

This comment has already been saved in your Saved Items

Block User

go up

0 0

Report

rudolf meischke Mar 22, 2023 5:36AM ET

Follow this post

Unfollow this post

Save

Saved. See Saved Items.

This comment has already been saved in your Saved Items

Block User

so what will Gold doing today Naeem?

0 0

Report

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="234682530">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="234682530" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow js-option blockUser js-block-option" data-comment-id="{commentID}"  data-user-id="234682530" data-reg_ep="block user comments">
			<a href="javascript:void(0);">
				<span class="blockIcon middle"></span>Block User			</a>
		</div>
				<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="234682530">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

More Categories

1D1W1M6M1Y5YMax

US 30	33,567.2	+4.3	+0.01%
US 500	4,274.8	+1.0	+0.02%
Dow Jones	33,562.86	-199.90	-0.59%
S&P 500	4,273.79	-8.58	-0.20%
Nasdaq	13,229.43	-11.34	-0.09%
S&P 500 VIX	14.73	+0.13	+0.89%
Dollar Index	103.882	-0.054	-0.05%

Crude Oil WTI	71.87	-0.28	-0.39%
Brent Oil	76.50	-0.21	-0.27%
Natural Gas	2.271	+0.002	+0.09%
Gold	1,976.65	+2.35	+0.12%
Silver	23.688	+0.053	+0.22%
Copper	3.7680	+0.0060	+0.16%
US Soybeans	1,355.75	+6.75	+0.50%

U.S. 10Y	3.703	+0.011	+0.30%
U.S. 30Y	3.895	+0.011	+0.29%
U.S. 5Y	3.839	+0.011	+0.28%
U.S. 3M	5.375	+0.053	+1.00%
US 10Y T-Note	113.83	-0.06	-0.05%
Euro Bund	134.03	-0.01	-0.01%
10-2 Yield Spread	-78.32	+3.18	+-3.90%

Apple	179.58	-1.37	-0.76%
Alphabet A	126.01	+1.34	+1.07%
Tesla	217.61	+3.64	+1.70%
Amazon.com	125.30	+1.05	+0.85%
Netflix	403.54	+3.07	+0.77%
Meta Platforms	271.39	-1.22	-0.45%
Bank of America	28.54	-0.17	-0.59%

	Interest Rates	Next Meeting
FED	5.25%	Jun 14, 2023
ECB	3.75%	Jun 15, 2023
BOE	4.50%	Jun 22, 2023
SNB	1.50%	Jun 22, 2023
RBA	3.85%	Jun 06, 2023
BOC	4.50%	Jun 07, 2023
RBNZ	5.50%	Jul 12, 2023
BOJ	-0.10%	Jun 16, 2023
CBR	7.50%	Jun 09, 2023
RBI	6.50%	Jun 08, 2023
PBOC	3.65%
BCB	13.75%	Jun 21, 2023

Fed Meeting to Spur Volatility for Gold and Bitcoin

Gold

Bitcoin

Related Articles