Dovish Fed + Higher Inflation = Stronger Gold

From sunshineprofits.com

The latest FOMC minutes were dovish, especially in light of the recent increase in inflation. That’s good for gold. Last week, The Federal Open Market Committee (FOMC) published minutes from its last meeting in March. They show that – in light of positive economic indicators – the members of the Committee turned out to be more optimistic about the U.S. economy since the previous meeting. But this is what we already know from the March economic projections. What is new and much more important is that Fed officials expressed the view that despite all the progress, the economic situation remained unsatisfactory ... (full story)