How are US benchmarks, the dollar, and gold expected to perform after the Federal Reserve indicated it will pare stimulus down more quickly than initially intended, opening the door to higher interest rates?
Today, the minutes from the FOMC’s July meeting will be released. If the minutes confirm a change in course for the Federal Reserve, Forex pairs and the price of Gold might be affected.
Gold and other Commodity prices fell on Monday morning following the release of improved U.S. employment numbers. As the trading day began on Monday, Gold fell by over 0.9%.
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