Gold & Silver: 50-bps Cut Stabilizes Dollar, Lifts Metals
According to Tradingview, after the Federal Reserve’s 50-basis-point rate cut, the U.S. Dollar index tested its July 2023 lows but managed to stay above its December 2023 low of 100.50. This helped USD/JPY maintain its position above the key 140-level, even retesting resistance at 144 within the extended parallel channel.