NEW YORK (
Gold for April delivery tacked on 60 cents to settle at $1,578.60 an ounce at the Comex division of the New York Mercantile Exchange. The
The Fed's January minutes, released on Wednesday, said that "many" central bankers were open to the idea of backing off monetary stimulus in 2013, but the policy-making wing didn't issue any changes in the latest statement.
The announcement came on the heels of more than a week of downward momentum in the gold market."We actually have seen downside price pressure in the gold market for longer than just yesterday," said Jim Wyckoff, senior metals analyst at Kitco.com, in an interview. "We are seeing technically related pressure, a stronger U.S. dollar index has added to selling pressure in the gold market. I think a lot of traders anticipated that the
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