Weekly Metals Wrap

From orbex.com

The yellow metal saw volatile trading this week. After initially trading up to its highest level since April 2018, gold prices then catapulted back lower. This came following the release of the FOMC meeting minutes which saw traders taking profit on longs ahead of the weekend. While the minutes did little except confirm the dovish shift seen at the last FOMC meeting, it seems gold traders were too happy to book profits on the rally thus far. The minutes saw the Fed mulling over the uncertainty in its outlook and the issues posing a threat to the US economy. With the Fed confirming its decision to remain on hold in ... (full story)