Gold Rebounded as FOMC Minutes Sent USD Lower

Gold rebounded after the 2-day selloff. The yellow metal has been traded with high volatility amidst uncertainty over the Greek bailout and ongoing violence in Ukraine. Gold's rebound today was mainly driven by weakness of the US dollar as the FOMC minutes appeared more dovish than previously.On Wednesday, the benchmark contract slumped below US$1200/oz at one point before ending the day at 1200.2, down -0.70%.

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Gold Rebounded as FOMC Minutes Sent USD Lower