PRECIOUS-Gold up on weaker dollar before central bank meetings

Gold market update for Friday, April 29. Gold is continuing its rally this Monday – a weaker dollar being fueled by speculation that stimulus programs will continue – is supporting the metal today. Physical buying has been supporting gold lately, but is waning somewhat this week due to the May Day holiday in China. Investors will be anxiously awaiting meeting minutes from the Fed’s Federal Open Market Committee. The meeting is going on now – minutes are expected Wednesday afternoon. Read more…