13th October 2017

 Gold inched up on Thursday to hit a two-week high, finishing at just under $1300, as a weaker dollar and a somewhat dovish interpretation of Wednesday’s Fed minutes provided an element of support. Although the Fed did (more or less) decide to raise rates by year-end, the fact that the vote was rather close and remains clouded by continued fretting about inflation Amy have prevented gold from selling off. In fact, inflation readings out on Thursday showed that US producer prices rose by .4% in September, about in line with estimates. (We get consumer price data coming out Friday)

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