May 07, 2018

Gold continues to lag, currently down $0.90 at $1,312.90, as last week’s Fed minutes and employment data help continue the dollar’s rally into this week.  The Fed kept open the idea of more aggressive rate hikes and hinted that the economy seems healthy enough to take a more hard-line approach in the coming months.  Employment data reaffirmed their confidence with unemployment falling to an 18 year low in April.