Gold market update for Wednesday, April 10th. Many gold traders are staying on the sidelines today ahead of the Fed’s latest policy meeting. In early trading, gold slid below $1580 to a new 10-month low. Also, fresh outflows from the Exchange Traded Funds (ETFs) and a price forecast “cut” by Goldman Sachs dampened investors sentiment. Minutes from the Fed’s meeting on Mar. 19-20 will provide investors with clues on where monetary stimulus efforts are headed. With the job market still very weak though, it’s likely these stimulus programs will continue. Read more…
Gold eases below $1,580 ahead of Federal Reserve’s minutes
April 10, 2013 by