Gold poised to end week with profits ahead FOMC minutes – FXStreet

As we approach the end of the trading week, markets are anticipating the imminent Federal Open Market Committee (FOMC) minutes with bated breath. Preliminary indications suggest that gold maybe on a poised favorite spot to conclude this week on a high note, recording gains over the past few days.

Investors and market analysts attribute this increase in gold prices to the uncertainties surrounding monetary policies and also geopolitical concerns. As such, the yellow metal is seen as a safe haven during times of economic instability.

The FOMC minutes are crucial indicators of the possible directions the Fed might take with regard to its fiscal policies. Any changes, or even the slightest suggestion of a shift, can significantly impact market conditions and trends.

We will keep you updated with any new trends as market conditions evolve and as more information is revealed from the FOMC minutes. Read More