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Gold Jumps, Dollar Dumps As Market Signals Dovish Take On Fed Statement

Courtesy of ZeroHedge. View original post here.

The Dollar Index has erased its early gains following The Fed statement, and Gold is surging (along with gains in stocks and bonds) apparently signaling a dovish take (removed economic growth sentence)…

And Gold, Stocks, and Bonds are all higher…

All the major equity indices are higher (despite The Fed's growth concern signal)…

Because…

Stocks rallying because the Fed has admitted the entire time they were hiking was not because of strong econ growth, but to stop or slow the rally in stocks.

— Stalingrad & Poorski (@Stalingrad_Poor) May 2, 2018


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