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Gold price drops to $4,310/oz as Fed votes 12-0 in favor of 25 bps rate hike, with 16 of 18 policymakers seeing another hike in 2026
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(Kitco News) – The Federal Reserve announced on Wednesday that the Federal Open Market Committee (FOMC) voted unanimously in favor of a quarter-point rate hike, as expected by the market consensus, while the latest economic projections showed all but two policymakers believe another rate hike will be warranted in 2026.
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