Ira Epstein discusses the impact of the recent FOMC meeting on the metals market, highlighting the unanimous decision by members and the high likelihood of interest rate hikes this year. He notes the importance of upcoming economic indicators, such as jobless claims and the Philly Fed Index, while also reminding viewers of the market closures for Juneteenth. Epstein touches on the energy market’s decline and the conclusion of the G7 meeting, indicating a favorable market response. He also examines the gold market’s reaction to the Fed’s statement, emphasizing the potential implications for future trading patterns.
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