Gold has continued its fall this afternoon after yesterday’s hawkish comments in the Federal Open Markets Committee minutes.
Contracts for June delivery declined 3.3 per cent this morning, trading at $1,617.20 per troy ounce on the COMEX.
Mining company Freeport McMoRan followed the overall market sell-off, down 2.3 per cent today to $37.75. Vale is off 2.1 per cent to $22.97 in New York and Newmont Mining is 4.1 per cent lower, to $48.30.
Below, gold trading following the release of the Fed’s minutes.