Gold Pops, Dollar Drops As Rate-Hike-Odds Slide After Fed Minutes

Fed rate-hike odds for December are lower after the Minutes (down from around 80% to 73%) as Fed officials' concerns about non-transitory low inflation sparked a dovish drop in the dollar and pop in precious metals

As a reminder, since the end of Golden Week, the post-FOMC trends have reversed…

 

And today's Minutes are extending them…

 

As the dollar index continues to trend lower…

via http://ift.tt/2zgB6Tt Tyler Durden

Leave a Reply

Your email address will not be published. Required fields are marked *