google.com, pub-4417961591688198, DIRECT, f08c47fec0942fa0 google-site-verification: googledcc23757cdab3c4f.html Why Gold is in 11 week High and how the Government of USA is viewed? ~ bulls$treet

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Why Gold is in 11 week High and how the Government of USA is viewed?

 

Gold eased off multi-week highs as minutes from the Federal Reserve's last policy meeting raised expectations of a faster pace of US rate hikes, but concerns about possible US military action against Syria limited losses. US gold futures fell 0.4 percent to USD 1,354 an ounce. All of the Federal Reserve's policymakers felt that the US economy would firm further and that inflation would rise in the coming months, minutes of the central bank's last policy meeting on March 20-21 released on Wednesday showed.
Higher interest rates discourage the buying of non-interest-paying bullion, which is priced in dollars. Gold on Wednesday rose 1 percent and hit a high of USD 1,365.23 an ounce, its highest since January 25,observed from news sources.
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