23 Aug
2012

Out of the US last night

Categories: Daily Comments

 

Out of the US last night, FOMC minutes revealed that many FOMC members favoured further easing soon should growth not pick up, by far the most explicit rhetoric we have seen for sometime ahead of next month’s Jackson Hole meeting, gold and silver rose to highs not seen since early May on the news. Weekly jobs data and new home sales will be released later today.

 

 Posted by Philip Ball | Sales and Trading