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FOMC Minutes Lead to Drop in Gold Prices

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  • Description

    FBN’s Nicole Petallides breaks down the day in the markets.

  • Duration 1:06
  • Date

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-- -- a call on the floor of the New York Stock Exchange on these accelerated losses.

Right -- I think about that I talked to some of the -- is about the first thing we should note as a citizen FOMC minutes broke.

We saw the dollar beginning to rally even more so the ten year yield accelerates and we've seen gold selling off so we continue to sell off in the mix of hires Bob.

All right well let's talk about gold specifically down over forty dollars obviously as a result of what was every the Fed but also there -- some news about inflation and inflation that pick up a little bit that worried worried people a bit.

But the -- bottom line is gold went down in gold stocks -- -- Great and all of those factors are exactly correct David also I would I would also -- in South Africa and AngloGold shocking.

Where they have nothing labor problems.

And that is something.

No backstop for example something.

The carmaker -- on deck to report earnings minutes from now the stock is down about.

Percent here but -- way.

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