The Fed minutes for the March meeting raised expectations that the central bank might taper QE measures later this year, though no details have yet been released. Gold prices were dampened amid loss of safe haven status. Added to the selloff was news that Cyprus would consider selling gold to finance its bailout package. Oil weakened with investors concerned about the reduction in global oil demand as 2 out of 3 oil agencies revised lower their forecasts.
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Weekly Fundamentals – Gold Broke Below 1500 on Fed Minutes and Cyprus Gold Sales
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