Gold goes down amid fears over hawkish Fed minutes

August 17, 2016

On Wednesday, gold prices tumbled during European trade, reversing overnight profits as market participants looked ahead to minutes of the Federal Reserves’ July policy gathering, that many feared could appear to be more hawkish than the statement.      

In New York, December delivery gold futures sank 0.73%, trading at $1,346.95 per troy ounce, having grown 0.7% on Tuesday.

Meanwhile, traders Investors will be focusing on minutes of the Federal Reserve’s most recent policy gathering for further clues as the timing of the next American rate lift.

The Fed kept its interest rates intact, following its latest gathering on July 27 and told near-term risks to the American economic outlook had dropped. However, the major bank stopped short of indicating a near-term rate rise.

Speculation of an American  rate lift in the nearer months mounted following Tuesday’s hawkish comments from a pair of Fed officials. 

Publication source
FBS information  FBS reviews

October 25, 2016
US flash Markit PMI jumped 1.7 points to 53.2 in October
Asian stock markets are mostly down, as the positive confidence indicators out of Europe and the U.S. yesterday were overshadowed by weak GDP numbers from South Korea, which weighed on most markets. Topix and Nikkei outperformed, with a weaker Yen underpinning exporters...
October 25, 2016
Fed speech, flash PMI push dollar to a fresh 8-month high
Marking the final day of Fed speeches ahead of the one-week blackout period starting today, FOMC voting member, Bullard said that December was most likely for a rate hike...
October 25, 2016
M&A activities drove equities, focus shifts to earnings
Equity markets began the week on a positive note with M&A activities, positive earnings, and better than expected manufacturing data from the Eurozone and U.S. all boosting appetite to risk...

Larson&Holz IT Ltd Rating
HotForex Rating
FBS Rating
FXTM Rating
Vantage FX Rating
FXCM Rating

Binary Brokerz Rating
Banc De Binary Rating
OptionBit Rating
OptionFair Rating
24option Rating
Grand Option Rating