It was a week of bumpy trading action for the gold price, which moved between about US$1,760 and US$1,790 per ounce during the period.
Market participants were eyeing Wednesday’s (April 28) US Federal Reserve meeting, but there were no major surprises — the central bank left interest rates unchanged and will keep its bond-buying program steady. Gold dropped initially on the news, but then quickly rebounded.
While it’s always good to keep an eye on gold, it’s also worth noting that palladium reached yet another all-time high this week, rising above the US$3,000 per ounce mark for the first time.
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