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The Open - Jim Wyckoff

Gold Firmer in Aftermath of FOMC Minutes

(Kitco News) - The Wednesday afternoon release of the June FOMC minutes report from the Federal Reserve. The minutes showed FOMC members remained divided on when to make the next interest rate hike. After initially reading the FOMC minutes as leaning toward the hawkish side on monetary policy, upon reflection the marketplace deemed the minutes as slightly dovish. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Follow Jim Wyckoff @jimwyckoff

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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