20-Feb-2025
COMEX gold continues to hover around lifetime highs on Thursday morning in Asia amid persistent safe haven demand and as investors continue to access FOMC minutes. The latest Federal Reserve's (Fed) monetary policy minutes showed that all policymakers voted to keep rates unchanged at the January meeting. The minutes showed that Fed officials judged the dual mandate risks to be roughly balanced, while 'some participants cited potential changes in trade and immigration policy as having potential to hinder the disinflation process.' Participants noted that some measures of inflation expectations 'had increased recently.' The yellow metal is currently quoting at $2960 an ounce, up 0.80% on the day.
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