May 25, 2018

Gold is hovering around $1,305.00,  after gaining over 1% yesterday amid dovish Fed minutes released Wednesday and resurfacing political tension between the US and North Korea.  The Fed intends to let inflation rise above its 2% goal temporarily—suggesting less interest rate hikes this year, and President Trump pulled out of the highly anticipated June 12 meeting with North Korea.  Both events caused the dollar to slide yesterday giving gold a boost it hadn’t seen in weeks.