Thursday, January 7, 2016

Gold Rally Continues, Markets Eye FOMC Minutes


marketpulse


Gold has pushed higher on Wednesday, extending gains for a third straight session. In the North American session, gold is trading just shy of the $1090 level. On the release front, ADP Nonfarm Payrolls was outstanding, posting a gain of 257 thousand. There was more good news from the US Trade Balance, which beat the estimate. However, the ISM Non-Manufacturing PMI missed the estimate. Later in the day, the Federal Reserve releases the minutes of its December policy meeting.


It’s been a golden start for 2016, as the metal…



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Gold Rally Continues, Markets Eye FOMC Minutes

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