MARKET VIEW
Weekly changes: XAUUSD +0.89%
The Fed didn't surprise the investors at its last 2021 meeting. The central bank confirmed tapering speeding along with the rate hike at least three times next year.
Meanwhile, XAUUSD climbed to its monthly high of 1,814.37. The yellow metal surged to 3.5% in two trading days.
Surprisingly, the U.S. dollar strengthened, although these assets usually move oppositely. The investors kept buying the greenback due to further Omicron fast spreads due to uncertainty. By Friday, XAUUSD declined by 1% and finished the week at 1,797.35.
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