Dollar Weakens Sharply Against Major Currencies After Dovish Projections (All Commodities)

The Fed's revised "dot plot," which showed a consensus for only one more cut in 2026 but with significant internal dissent, still led to a steep depreciation of the US Dollar Index (DXY). A weaker dollar makes all dollar-priced commodities (Gold, Silver, Oil) cheaper for international buyers, immediately boosting global demand and prices.

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