FOMC Minutes To Be ‘Non-Event,’ The Fed To Hold Course: For Pete’s Sake | Kitco News

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Kitco News speaks with Peter Hug to get his take on gold and silver prices Wednesday, ahead of the release of the FOMC minutes from the March 18-19 monetary policy meeting. “I think that the FOMC meeting minutes are going to be a non-event,” Hug says. “Overall, I think the Fed holds course.” Hug comments on the Russia-Ukraine crisis, saying it is a very serious situation. However, unless the issue spreads outside of Ukraine’s borders, the impact on safe-haven demand for gold should be subdued, he adds. “The market has and continues to look heavy to me,” he says. “It doesn’t feel like there is a momentum trade to the upside.” Tune in now to hear hug’s key levels for gold and silver ahead of the FOMC Minutes. Kitco News, April 9, 2014.

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