Wednesday, April 9, 2014

FOMC meeting minutes.

Gold was moving bullish for the eighth day rising from seven weeks low recorded by the head of this week, which was just before the loss during the afternoon. Today we are waiting for the FOMC meeting minutes for meeting of March, so we are expecting more details bout ending the stimulus and the bond purchase plan. Janet Yellen, said last time that they are about to end the bond purchase plan by the end of 2015, and will raise the interest rates within the next autumn. the release of the meeting minutes will be at 18:30 GMT.
The precious metal gained about $40 during the week rising from $1,277 per ounce, to lose $10 during the afternoon reaching the low of $1,301.60 per ounce. It recorded a high at $1,314 earlier today.

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