19.02.2015 - Gold Edges Higher After Fed Minutes Reveal Rate Worries
Gold reversed losses Wednesday after minutes from the Federal Reserve’s last meeting showed some central bank officials were worried about raising rates too soon. Gold for April delivery, the most actively traded contract, was recently up 0.2% at $1,211 a troy ounce in electronic trading on the Comex division of the New York Mercantile Exchange. Gold prices ended floor trading down 0.7% at $1,200.20 an ounce, the lowest settlement since Jan. 2. Minutes from the Fed’s Jan. 27-28 policy meeting showed some officials believed it would be prudent to delay raising interest rates, fearing that financial markets may overreact to tighter monetary policy. Other Fed officials continue to argue for a rate increase in the near term, the minutes showed...............................................Full Article: Source
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