Gold unmoved by Fed minutes

Gold Comex Gold price did not move anywhere despite waiting for Fed meeting minutes for 2 days. Gold just tested 1269.50$ and bounced back pretty hard from there. According to minutes, Fomc chairman said dip in inflation is temporary and this does not concern fed for now. Fed will stay on course and might not hike any interest rate... more →
Posted in: Gold Silver Updates

Gold waiting for Fed minutes

Gold Comex Gold price is trading in a 6-7$ range since yesterday. We did not see any major movement and xauusd trading in a small range. We did not move anywhere since we broke 1290$ and trading below 1290$ range. Bullion market is trading in a tight range since Monday and we might be waiting for Fed/FOMC meeting minutes which are... more →
Posted in: Gold Silver Updates