Gold and USD looking exhausted ahead of Fed It will be interesting to see how the dollar and gold respond to the Fed later today. Gold has really struggled to break back above $2,000 after collapsing back through here in spectacular fashion just over a month ago. Moreover, the dollar has been under pressure since March and has recent shown signs of pushing for a correction. With both of these trades showing signs of fatigue, a failure by the Fed to meet or surpass expectations could get quite a reaction. Equally, should Powell’s soothing tones successfully reassure investors that they won’t be faced with rate hikes ... (full story)