Gold Down as Investors Digest Fed Meeting Minutes

By Investing.com12 days ago


© Reuters.

By Gina Lee Gold was down on Thursday morning in Asia, with investors turning to riskier assets after the U.S. Federal Reserve reiterated its continued policy support in its latest meeting minutes and boosted hopes for the economic recovery from COVID-19.

Gold futures inched down 0.09% at $1740.05 by 12:41 PM ET (4:41 AM GMT).

The Feds minutes from its March meeting released on Wednesday emphasized the highly uncertain path to recovery, with the central bank not planning to scale back its massive bond-buying program until the recovery is further along the path.

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