Stocks traded mixed on Thursday as investors contemplated the Federal Reserve's latest monetary policy decision and updated projections. Jeff Powell, Polaris Wealth Advisory Group CIO and Bill Smead, Smead Capital Management CIO and Co-Portfolio Manager joined Yahoo Finance to discuss.
Bitcoin remains relatively resilient, having priced in the Fed's hawkish tilt in advance.
Gold rose 1% on Friday as a pause in the dollar's rally helped it claw back some ground from sharp losses driven by the U.S. Federal Reserve's hawkish tilt. Spot gold climbed 1.1% to $1,792.00 per ounce by 1139 GMT, but was down 4.5% for the week. There was some bargain-hunting after the sell-off and the dollar's rally has "stopped for a moment", helping gold, ABN Amro analyst Georgette Boele said.