Geopolitics
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EnglishFed Holds Rates, Gold Dips, SocGen Boosts Gold Stash
On June 18, 2026, the Fed decided to keep interest rates steady, causing gold prices to take a nosedive to $4,290.52 per ounce. Meanwhile, the U.S. and Iran struck a deal that made oil prices relax a bit. Société Générale got smart and upped their gold stash from 7% to 10%, anticipating some exciting market twists ahead!
few hours ago | Priya Sharma
Quick rundown
1.The Fed's interest rates remain steady despite previous cuts.
2.Gold prices took a hit after the Fed's latest meeting.
3.An interim U.S.-Iran agreement helped calm oil prices.
4.Société Générale is bullish on gold, increasing its allocation.
5.Central banks are expected to keep buying gold as markets shift.
