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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold price deepens losses after Fed minutes, Lockhart comments

Posted on 20 February 2014

The rally in the gold price in recent weeks ran out of steam on Wednesday after the release of Federal Reserve minutes that showed a number of officials want tighter US monetary policy sooner and after hawkish comments by a key Fed member.
In late trade on the Comex division of the New York Mercantile Exchange, gold futures for April delivery deepened its losses after the release of the minutes to trade at $1,312.50 an ounce, down $11.90 from Tuesday’s close………………………………………..Full Article: Source


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