Gold is currently in a pause mode. After the Fed announced its rate decision, traders are digesting the information and deciding what to do.

The reality is that the yellow metal didn't move much after the FOMC announcement. Why? Because the market had already anticipated quite a bit of what Powell was going to say. Rates remain unchanged, inflation continues to be a talking point, and everyone is watching the upcoming economic data.

What’s interesting here is that gold neither collapsed nor surged upward. It stayed within a range, consolidating. Major players are waiting for clearer signals before making aggressive moves. Will there be rate cuts soon? Will inflation continue to pressure? These are the questions on the table.

For those of us who follow both metals and crypto, this is relevant. When gold moves due to monetary policy, Bitcoin and other digital assets also react. Gold is the classic thermometer of fear and uncertainty. If it starts to rise strongly, we probably will see flows into alternative assets as well.

For now, everyone is on standby. The next inflation or employment data could break this calm.