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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;
Follow Jim Wyckoff @jimwyckoff



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