Gold futures closed fractionally higher today, with the most active December contract currently up $0.70 and fixed at $1538.20 per ounce. Last night as gold traded overseas to a high of $1565 per ounce.

On a day when many analysts expected Federal Reserve Chairman Jerome Powell to be in the spotlight it was in an announcement by China that they would begin retaliatory tariffs against products they import from the United States, as well as tweets in respons

Above all, the current monetary policy of the Federal Reserve as revealed by the minutes of last month’s FOMC meeting released yesterday lacks clarity.