{"id":46768,"date":"2013-08-21T13:37:00","date_gmt":"2013-08-21T13:37:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-trim-losses-before-feds-minutes-silver-prices-edge-lower\/46761\/"},"modified":"2013-08-21T13:37:00","modified_gmt":"2013-08-21T13:37:00","slug":"gold-prices-trim-losses-before-feds-minutes-silver-prices-edge-lower","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-prices-trim-losses-before-feds-minutes-silver-prices-edge-lower\/46768\/","title":{"rendered":"Gold Prices Trim Losses Before Fed\u2019s Minutes; Silver Prices Edge Lower"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a> pared early losses but traded lower on Wednesday as investors remained in sidelines ahead of the release of the <a href=\"http:\/\/www.knowfinance.com\/federal-reserve-system-fed\/\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a>\u2019s most recent minutes. Broadly higher U.S. dollar also weighed on the metal\u2019s demand. <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> prices also edged lower in trading on Wednesday.<\/p>\n<p><span id=\"more-46768\"><\/span><\/p>\n<p>At last check, gold futures for December delivery edged down 0.17% to $1,370.20 an ounce while spot gold slipped 0.07% to $1,369.20 an ounce. In late trading, the SPDR Gold Trust (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=GLD\" target=\"_blank\" rel=\"noopener\">NYSE: GLD<\/a>) was down 0.08% to $132.34.<\/p>\n<p>Silver futures were down 0.12% to $23.09 an ounce.<\/p>\n<p>The minutes from Federal Open Market Committee Meeting (FMOC), held on July 30-31, will indicate whether policymakers are ready to squeeze the economic stimulating measures or divided over this issue.<\/p>\n<p>Speculation, however, is rife that Fed minutes will show that the tapering process could begin from September.<\/p>\n<p>Gold, which touched its record high of $1,921 an ounce in September 2011 in the backdrop of extremely accommodating monetary policy adopted by the Fed, has lost near its fifth of its value since the start of the year due to tapering (QE3) concerns.<\/p>\n<p>A tighter monetary policy (the pulling back of quantitative easing) will spike <a href=\"https:\/\/thestockmarketwatch.com\/markets\/bonds\/today.aspx\">interest rates<\/a> which in turn drive investors away from gold, which is a non-interest bearing asset.<\/p>\n<p>\u201cI think the market is right to be quite cautious. If QE goes into reverse, and medium- to long-term interest rates push higher, you are increasing the opportunity cost of holding things like gold,\u201d said Nic Brown, an analyst at Natixis, according to Reuters.<\/p>\n<p>The dollar index, a measure on greenback\u2019s performance vis-\u00e0-vis a basket of major traded currencies, edged up 0.30% on Wednesday, making dollar priced commodities expensive for holders of other currencies.<\/p>\n<div class=\"nr_popular_placeholder\" data-permalink=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-trim-losses-before-feds-minutes-silver-prices-edge-lower\/46768\" data-title=\"Gold Prices Trim Losses Before Fed\u2019s Minutes; Silver Prices Edge Lower\"><\/div>\n<p><script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130823125052js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> <\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-and-silver-prices-edge-higher-14\/46812\"><br \/>\nGold and Silver Prices Edge Higher<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-futures-flat-2\/46808\"><br \/>\nStocks Futures Flat<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/pandora-media-full-year-guidance-disappoints-shares-tumble-in-afterhours-p\/46805\"><br \/>\nPandora Media Full-Year Guidance Disappoints, Shares Tumble in Afterhours (P)<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/ross-stores-lifts-full-year-earnings-guidance-rost\/46803\"><br \/>\nRoss Stores Lifts Full-Year Earnings Guidance (ROST)<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-finish-sharply-higher-dow-jones-ends-six-day-losing-streak\/46799\"><br \/>\nStocks Finish Sharply Higher; Dow Jones Ends Six-Day Losing Streak<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-edge-higher-silver-prices-also-edge-higher\/46796\"><br \/>\nGold Prices Edge Higher; Silver Prices Also Edge Higher<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-hold-moderate-gains-by-mid-day-trade\/46794\"><br \/>\nStocks Hold Moderate Gains by Mid-Day Trade<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130823125052im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script--><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices pared early losses but traded lower on Wednesday as investors remained in sidelines ahead of the release of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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