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Gold moves higher on Dovish Fed Minutes

Published on: 11th

Park Avenue Numismatics, Miami Beach, FL – April 11, 2014 – Gold moved up over 1% yesterday on dovish Fed minutes while U.S. stocks went lower on negative trade data from China and better-than-expected jobless claims. The sell-off in stocks was renewed in the wake of minutes from the last Federal Reserve Open Market Committee meeting. The Federal Reserve’s statements on monetary policy bode well for gold. All the major stock indices are sharply lower and the price of gold is up more than $13. Gold last traded at $1,320 an ounce. Silver at $20.09 an ounce.
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