US yields rise after Fed decision- Gold slips

As usual we have a number of reactions following the Fed decision to leave their Fed Funds rates on hold. One consistent reaction is that US yields have risen on the news. The 10 year note is now around 0.05% higher and that has sent Gold lower. The metal was already edging back towards $2,750 leading into the Fed decision. The reaction subsequent to it has seen gold slip towards $2,745. Granted not a massive move, but it may not be done with yet. We shall have to see on that and also perhaps all of the moves across the markets are not getting ahead of themselves before the markets hear what the Fed boss, Jerome Powell has to say in the upcoming press conference, at 7.30pm GMT. Gold is currently trading at $2,746.20