Gold prices fall on powerful America data, FOMC minutes

as mentioned in Gold prices were drop in the Asian morning trading session on Thursday January four on powerful America economic information & the launch of the Fed unlock Market Committee (FOMC) minutes overnight. The spot gold value was soon quoted at $1,307.20/1,307.55 per oz, drop $3.55 from the Former trading day's close. Minutes from the FOMC December meeting showed which its members foreseen U.S. GDP to grow 2.5% because of tax cut reforms, up from an earlier estimate of 2.1%. Silver & PGMS mixedIn the other precious metals, the spot silver value was drop $0.080 at $17.000 to $17.020 per oz. On the Shanghai Futures Exchange, gold for June delivery was soon at 276.15 yuan ($42.49) per gram, & the June silver was at 3,915 yuan per kilogramCurrency moves & information releases

Three Key Takeaways from December 2017 FOMC Minutes for Gold :: The Market Oracle ::

Three Key Takeaways from December 2017 FOMC Minutes for GoldYesterday, the minutes of the FOMC December meeting were released. What do they tell about the Fed's stance & what do they mean for the gold market? The move was widely foreseen with investors, however there was no unanimity at the meeting as 2 FOMC members dissented. However, they were in the minority, as the FOMC members generally viewed the medium-term outlook for inflation as tiny changed. ConclusionThe minutes from the latest FOMC meeting were rather hawkish.

Gold purveys Off After Hawkish FOMC Minutes

As it stated in (Kitco News) - Gold prices were moderately reduce & chock fresh every day lows in early afternoon action Wednesday, in the wake of a hawkish FOMC minutes report. Gold prices purveyed off after the minutes were launched at 2:00 p.m. EST. Gold bulls' following upside near-term value breakout objective Information Systems to Production a lock above solid technical resistance at $1,350.00. Bears' following near-term downside value breakout objective Information Systems pushing prices below solid technical backing at $1,280.00. The following downside value objective for the bears Information Systems closing prices below solid technical backing at 310.00 cents.

collected by :kiven Dixter