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🔔 FOMC wrapped, and the first reaction is in:
1️⃣ Warsh signaled uncertainty (no projection of his own, "pencils with big erasers") → in theory bullish for $GOLD as a hedge
2️⃣ Dot plot signaled hawkish (9/18 see rates above range by year-end) → bearish for $GOLD via stronger USD/real rates
Initial reaction: gold trimmed gains and went flat as markets read it hawkish 📉
Does uncertainty still win out from here, or does the hawkish path take over? 👀
#FOMC #Fed #Gold #Warsh $XAU