9:05 AM · 17 June 2021

🥇 Gold continues post-FOMC sell-off

GOLD
Commodities
-
-

Yesterday's policy announcement from the FOMC hinted at a faster than previously assumed beginning of monetary tightening in the United States. Famous dot chart pointed to 2 rate hikes in 2023. While this is still a distant future, assets benefiting from the low interest rate environment took a hit. Gold was one of the most heavily impacted assets, dropping around 2% yesterday. While the beginning of today's trading seemed like bulls may be attempting to regain control over the market, precious metal erased gains and resumed decline. Gold reached the lowest level since the beginning of May and is trading just a touch above the $1,800 support area, marked with the 50% retracement of the upward move launched at the beginning of Q2 2021.

Gold erased morning gains and moved towards yesterday's lows at around $1,805. Source: xStation5

21 October 2025, 7:12 PM

Daily summary: Markets on Hold Ahead of Netflix Earnings

21 October 2025, 5:06 PM

⏬Gold loses more than 5%.

21 October 2025, 1:13 PM

Cocoa recovers amid North America grindings data and slowing Ivory Coast export 📈

21 October 2025, 10:12 AM

⏬Silver Plunges Nearly 5%

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits