Gold Holds Decline After Fed Minutes as Dollar, Yields in Focus

By Bloomberg10 days ago

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© Reuters. Gold Holds Decline After Fed Minutes as Dollar, Yields in Focus

(Bloomberg) -- Gold held a drop, tracking movements in the dollar and bond yields, with investors weighing the latest insights into the Federal Reserves stance on monetary policy and inflation risks.

Minutes from the Feds March 16-17 meeting released Wednesday showed officials were united on the need to see more progress on the recovery before scaling back their massive bond-buying program. They also indicated any spikes in inflation -- which could be a driver for bullion -- are likely to be transitory. Traders will look for further comments from Chair Jerome Powell, who is due to take part in a panel about the global economy on Thursday.

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