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Gold prices holding its ground as Fed shows little concern for rising bond yields, inflation threat
The gold price continues to hold its ground around neutral territory even as the Federal Reserve remains unconcerned about inflation or rising bond yields. The minutes from the Federal Reserve’s March monetary policy meeting showed that the committee discussed the sharp rise in bond yields, which at the meeting were trading at a one-year high above 1.6%. “Participants commented on the notable rise in longer-term Treasury yields that occurred over the intermeeting period and generally viewed it as reflecting the improved economic outlook, some firming in inflation expectations, and expectations for increased ... (full story)