21.05.2015 - Gold Rises as Fed Minutes Boost Bets Rates Won’t Rise in June
Gold prices advanced after minutes from the Federal Reserve’s last meeting showed that officials last month didn’t expect to raise rates at their next gathering in June. Many policy makers thought economic data available in June wouldn’t be robust enough to warrant tightening, according to the minutes released Wednesday of the April 28-29 session. “People are interpreting these minutes as being more dovish than hawkish, and that is supporting gold,” Chris Gaffney, the president at EverBank World Markets in St. Louis, said in a telephone interview...............................................Full Article: Source
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