For the U.S., Nichols said that all the focus will be on whether the Fed will distance itself from the minutes of the last meeting, which were released April 10.
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.
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
Minutes of the last policy meeting of the Bank of England released Wednesday showed outgoing Gov. Mervyn King and two other members of the Monetary Policy Committee supported another cash infusion to revive Britain's ailing economy.
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.
Comex gold futures prices were trading sharply lower in afternoon trading Tuesday, in a strongly bearish response to the afternoon release of the minutes of the last Federal Open Market Committee meeting of the U.S. Federal Reserve.
FORBES: P.M. Kitco Metals Roundup: Comex Gold Tumbles Late On Bearishly Construed FOMC Minutes
The release this week of the minutes of its last meeting created brief excitement when the minutes revealed that at that meeting three weeks ago members of the committee were more concerned about the economic slowdown and almost ready to take action.
FORBES: Troubling Times Ahead As Euro Politicos Finally Finish Vacations
Prices late Tuesday sold off rapidly in the wake of bearishly construed minutes of the last Federal Open Market Committee meeting of the U.S. Federal Reserve.
FORBES: Comex Gold Sharply Lower, At 11-Week Low, As Fresh Near-Term Chart Damage Inflicted
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
Has the Federal Reserve run out of bullets? that implication could be drawn from the recently released minutes of the Fed's last Open Market Committee meeting, during which the federal funds rate was cut from 2.25% to 2%.
Minutes of the Fed's last meeting three weeks ago show policymakers are discussing tapering off those purchases.
NPR: Bernanke: Economy Still Too Shaky To End Low Interest Rates
The minutes of the Fed's last meeting in March suggested that some policymakers favored slowing and eventually ending its bond buying as long as the economy and the job market kept improving.
That implication could be drawn from the recently released minutes of the Fed's last Open Market Committee meeting, during which the federal funds rate was cut from 2.25% to 2%.
Minutes of the Bank's last Monetary Policy Committee meeting indicated that the Bank is looking at the possibility of more QE.
BBC: Business group lists 15 ideas 'to boost the UK economy'
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
According to minutes of their last meeting, Fed policymakers have agreed that housing price appreciation was expected to "moderate" in the coming months.
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