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U.S FEDERAL RESERVE
Gold traders pull backed from Gold as the U.S dollar gained bullish momentum on Thursday morning.
The U.S. Dollar Index was slightly down at 0.02% to 97.040 at 1.30 pm Nigerian time.
Currencies tracked by the U.S dollar index include; euro, British pounds sterling, and the Japanese yen.
U.S dollar index gained 0.08% to trade at 96.6980 at 4.30 am local time as currency traders await the U.S. Federal Reserve’s next move.
In line with broad market expectations, the U.S Federal Reserve cut interest rates by 25 basis points to a range of 1.5% to 1.75%.