Although gold prices closed lower on the week, prices recovered with a gain of 6 dollars.

According to the Federal Reserve, the process is called quantitative normalization. This is a process by which the Fed reverses the actions and the net effect of the actions taken during the protracted period of quantitative easing.

Gold futures have moved up modestly today and are currently trading at $1277.90, a net gain of $3.30 based on the most active December 2017 contract.