Yet this afternoon investors will be waiting to review the FOMC meeting minutes from the previous meeting.
Still, the U.S. dollar index rallied to its session high in the wake of the FOMC meeting minutes.
FORBES: Comex Gold Ends Firmer on Bargain Hunting, But Firming U.S. Dollar Index Limits Gains
U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, the trade deficit report, wholesale trade, the weekly DOE energy stocks report, and the FOMC meeting minutes.
FORBES: Comex Gold Weaker on Follow-Through Selling; FOMC Awaited
Also, the FOMC meeting minutes were released Wednesday afternoon, with the main focus being a discussion on whether the Fed should use other indicators for its monetary policy guidance, especially when to start raising interest rates.
U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, the Empire State manufacturing survey, Treasury international capital flows, industrial production and capacity utilization, the NAHB housing market index, the weekly DOE energy stocks report, and the FOMC meeting minutes.
FORBES: Comex Gold Firmer On Bargain Hunting, Bullish Outside Markets
Market reaction was muted, with equities and Treasuries behaving much on the same way, after the release of the first minutes from an FOMC meeting with three dissenters since 1992.
FORBES: Deeply Divided Fed As Some Raise Stop Signs While Others Push For More QE
While the Fed last met over July 31 and August 1, the minutes of that FOMC meeting, released on Wednesday August 22, sparked a risk-asset rally that sent gold through the roof.
FORBES: Gold, The Silent Killer: Yellow Metal's Up Big And Could Rally Further
The release Thursday afternoon of the FOMC minutes from the last Fed meeting contained no major surprises and did not significantly impact the market place.
FORBES: P.M. Kitco Metals Roundup: Gold Ends Higher, Hits 7-Mo. High; Bulls in Firm Command
Next Wednesday, the Fed will release the minutes for its April FOMC meeting, which came with substantially altered language and made serious references to ending QE.
FORBES: U.S. Economy In Second Month Of Deflation Pressures Bernanke On QE
As I indicated earlier, I was prompted to propose such heresy allow interest rates to rise while keeping monetary policy accommodative by the minutes of the latest FOMC meeting.
FORBES: Allow Interest Rates To Rise While Keeping Monetary Policy Accommodative
The minutes of the last FOMC meeting showed members believe that further quantitative easing of monetary policy will be required if the U.S. economy does not show improvement soon.
U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, the weekly DOE energy stocks report and the release of the minutes of the last FOMC meeting.
FORBES: Comex Gold Solidly Higher, at 3-Week High, As U.S. Dollar Index Slumps
U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, existing home sales, the weekly DOE energy stocks report and the release of the minutes of the last FOMC meeting of the Federal Reserve.
Investors will also be on the lookout for FOMC minutes from the September 20-21 meeting.
FORBES: Stocks Blow Off Bad Alcoa Earnings Giving Credence To Bull Market
The FOMC released the minutes of its Dec. 14 meeting this afternoon.
Also, the FOMC minutes revealed that in the January policy meeting, officials had mixed opinions on how long the easy-money policies should continue.
According to the meeting minutes, the members of the FOMC have taken a step closer to a third round of quantitative easing, or bond-buying purchases to lower long-term interest rates.
FORBES: FOCUS: Gold Rises After FOMC Minutes Show Discussion About More Monetary Easing
Also, Lusk said, there might be some worries that minutes of the January meeting of the FOMC, due out at 2 p.m.
FORBES: UPDATE: Comex Gold Extends Losses On Technical Selling; Traders Await FOMC Minutes
Another highlight of the minutes of the September 20 to 21 FOMC meeting was the fact that added to the already known three dissenters, Bernanke saw two members wanting the Fed to do more.
FORBES: Split In Bernanke's Fed Widens, QE3 On Deck, FOMC Minutes Show
Stocks also headed lower following the Fed minutes from its latest meeting, in which FOMC governors warned of a slow recovery.
FORBES: Wal-Mart And Jobless Claims Weigh On Stocks, Apple Stabilizes
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