BOJ Minutes Showed Members' Split on Inflation Outlook

Gold was under pressure with the benchmark Comex contract dropping to a 2-week low 1281.8 at one point. As we mentioned in previous articles, safe-haven demand for the yellow metal should prove short-lived. Gold's sideway trading over the past month has been driven by the opposing forces of USD strength and a rise in US bond market.

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BOJ Minutes Showed Members' Split on Inflation Outlook