The sharp strengthening of the USD surprised many, with pending orders on silver hitting stop-loss levels, and one USD/JPY position was liquidated due to the strengthening USD. The Fed, which held interest rates steady, in a statement removed its easing bias, eroding expectations of a rate cut. Nevertheless, I attempted a buy limit on gold, citing the US-Iran peace deal, which reduced demand for safe-haven assets like the USD, which could boost risk-on sentiment.