Ella 
135
As we predicted, Fed Chairman Jerome Powell poured cold water on gold and other markets, and we are now experiencing a sell-off following an expectation reset.
Gold, like nearly every other area of investment, continues to sell off following last week’s Federal Reserve meeting.
After the Fed policy statement, and Chairman Powell’s subsequent press conference, it wasn’t that bad.
But then Powell responded to a question about the timing of the first rate cut:
“Based on today’s meeting, I would like to tell you that I don’t think the committee will be able to reach a level of confidence at the March meeting to determine the timing of a rate cut in March.”
So the selling started again.
