gold price remains near support at $1,730 as Fed Minutes reveal no major surprises kitconews gold silver metals investing mining finance economics
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“Most agreed that risks to inflation were skewed to the upside and cited several such risks, including those associated with ongoing supply bottlenecks and rising energy and commodity prices,” the minutes said.“Participants judged that uncertainty about economic growth over the next couple of years was elevated,” the minutes said. “Downside risks included the possibility that a further tightening in financial conditions would have a larger negative effect on economic activity than anticipated.
The minutes also highlighted the potential for another 75 basis point rate hike at the end of this month.
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Gold is still heading to support levels
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