As promised, the minutes from last month’s FOMC meeting were released just after gold futures closed for the Thanksgiving holiday.

Gold is trading modestly higher this morning. As of 3 o’clock EST, gold futures are currently fixed at $1280.80 per ounce for a net gain of $5.50 (+0.42%). After yesterday’s dynamic drop, gold prices have partially recovered.

It seems as though the week of Thanksgiving can also be called “Shark Week” in regard to gold traders. This is not the first Thanksgiving week in which we have seen a dynamic move in gold pricing that does not pass the smell test.