by Sasha Cekerevac, Investment Contrarians:
Over the last few days, the level of confusion regarding monetary policy by the Federal Reserve has increased substantially. The result has been that buyers have re-emerged in the gold market.
First there was the release of the minutes from the last meeting of the Federal Reserve on June 18-19. The information was confusing because the language used by the Federal Reserve caused some people to question the timing of their reduction of monthly asset purchases.
While the Federal Reserve minutes stated that “many” members of the Federal Reserve required an improvement in the jobs market before any reduction in stimulus would begin, they also reported that half of the Federal Reserve members thought that they would begin reducing the asset purchase program by the end of the year.
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