Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Gold prices slipped slightly lower for a second straight day on Wednesday with investors reluctant to take risks ahead of minutes from the Federal Reserve’s most recent policy-setting confab, which could offer guidance on the timing and pace of rate increases.
April gold slipped $4.70, or 0.4%, to $1,232.80 an ounce. May silver traded down 7 cents, or 0.4%, at $18.01 an ounce.
The minutes from the meeting will be made public at 2 p.m. Eastern and will reflect discussions around monetary policy from the Fed’s Jan. 31-Feb. 1 meeting.
