Gold weighed down by strong Dollar but central bank buying supports

NEW YORK (Commodity Online): The FOMC meeting last week was largely a non-event for precious metals, offering no additional hints on the possibility of another round of QE. However, policymakers maintained their call for ‘exceptionally low levels for the federal funds rate at least through late 2014.’.

 

-Gold is trading a tight range, constrained by the conflicting forces of surging global liquidity and Eurozone sovereign troubles on one side and a strong [...]