February 23, 2018

Gold has remained relatively stagnant since Wednesday’s Fed minutes were released hovering around $1,330.00.   The minutes suggested a continued gradual rise in interest rates; however, they don’t hold much significance since they were from January’s meeting and a lot has changed since then—primarily appointing a new Fed Chair and surprisingly positive employment data earlier this month. Traders should get good insight into what future Fed policy will be when Jerome Powell meets with congress next week.