Gold Gains After Dovish Fed Minutes Lift Equities, Weaken Dollar
- Powell to take part in panel about global economy on Thursday
- Real yields to rise further, hurting gold: Capital Economics
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Gold rose as the dollar weakened after dovish rhetoric from the Federal Reserve, which gave no indication a tightening of monetary policy was imminent.
Risk sentiment was broadly improved after minutes from the Fed’s March meeting showed officials were united on the need to see more progress on the recovery before scaling back their massive bond-buying program. European equities and U.S. stock futures rose on Thursday, while the dollar edged lower, supporting gold.