How the Fed’s Minutes Played on Precious Metals
Will Gold Be an Inflation Hedge or Tumble on the Fed's Decisions? On May 23, the Federal Reserve’s May meeting minutes gave some support to gold prices as the ten-year Treasury note (IEF) yield dropped almost 5.1 basis points to 3.0%. A surge in the interest rate was negative for precious metals, and gold rebounded from the start of the day.