Commodity Blog |
| Gold Declines After Fed’s Policy Minutes Posted: 20 Feb 2013 10:31 PM PST Gold dropped today after the minutes of the last Federal Reserve’s policy minutes were released yesterday. The minutes showed that the policy makers were discussing additional stimulus. Prospects for more accommodative monetary policy weakened demand for the precious metal as a safe asset. Additionally, market participants were worried about falling demand from Asian nations, especially India. There were speculations that the country is going to increase taxes [...] |
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