Gold drops 4% on Fed minutes

The US dollar rose and gold fell after minutes from the last Federal Reserve meeting failed to provide much indication of future direction.

Gold drops 4% on Fed minutes Gold drops 4% on Fed minutes Gold drops 4% on Fed minutes Gold drops 4% on Fed minutes Gold drops 4% on Fed minutes

Image: iStock/Nuthawut Somsuk

The wishy-washy statement said the US economy would depend on the COVID-19 pandemic and offered no clarity on interest rates or stimulus.

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