Gold is trading just below $2,000. Economists from Commerzbank analyze the outlook for the yellow metal.
FOMC Minutes will hardly leave any significant mark on gold
Now that concerns about conflict in the Middle East have noticeably subsided, the outlook for US interest rates has once again gained the upper hand for gold. In this context, the minutes of the last FOMC meeting, due to be released today, are likely to be of interest.
The fact that another rate hike is not yet on the table for many FOMC members could again be reflected in the minutes. That means signs have been mounting since the early November meeting that the Fed may have reached its interest rate peak. After all, in addition to weak economic indicators, inflation also fell more sharply than expected in October.
Any negative impact of listing on prices should therefore be limited.