Gold got a boost Wednesday from the Federal Open Market Committee’s last policy update of 2020, when Fed Chairman Jerome Powell “made it very clear that rates are not rising soon, and they are committed to pushing inflation higher,” said Peter Spina, president and chief executive officer at GoldSeek.com.
The Fed on Wednesday emphasized its intention to keep interest rates pinned near 0% to at least 2023 until the economy fully recovers from the viral pandemic.
“Price inflation…