(Kitco News) – Gold have erased modest early losses and have moved above unchanged and are at daily highs in late-morning trading Wednesday. Some position-evening ahead of this afternoon’s FOMC minutes release at 2:00 p.m.EDT is featured in the gold market. Past FOMC minutes reports have significantly moved markets. Some chart-based buying has also entered the gold market as its near-term technical posture has improved a bit this week. June gold futures were last up $2.70 an ounce at $1,311.10.
By Jim Wyckoff
For Kitco News
Contact jwyckoff@kitco.com
www.kitco.com
