Gold Steadies Near Three-Month High Ahead of Fed Minutes Release

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Middle East
  • Date: 19-May-2021
  • Source: Yahoo News
  • Sector: Oil & Gas
  • Country: Middle East
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Gold Steadies Near Three-Month High Ahead of Fed Minutes Release

(Bloomberg) -- Gold steadied near the highest level in more than three months as investors awaited the release of minutes from the Federal Reserve’s meeting in April for a further steer on its views on the economy and inflation.

The minutes due later Wednesday may offer more insight into how policy makers view price pressures, and any hints of a timeline for tapering stimulus. In Bank of America Corp.’s latest fund manager survey, inflation topped the list of the biggest tail risks, followed by a bond market taper tantrum and asset bubbles, while Covid-19 was in fourth place.

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