Collective decline of Wall Street and the dollar.. gold rises by 0.9% with the release of the Federal Reserve's minutes. The minutes of the US Federal Reserve's last meeting, which concluded with interest rates being held steady despite two members opposing the decision, mark the first time in over 30 years that more than one member has rejected a decision.
In an initial reaction to the minutes, Wall Street indices are collectively declining as the minutes of the US Federal Reserve are released, continuing their performance prior to the release while awaiting Powell's words in Jackson Hole. The Nasdaq index falls by 1.1% while the S&P 500 drops by 0.57% and the Dow Jones Industrial Average by 0.2%.
On the other hand, the prices of gold futures contracts rise by 0.88% to $3,388.4 per ounce, while the prices of bullion gold increase by 0.88% to $3,344.75 per ounce.
Meanwhile, the dollar index moves quietly around the level of 98.025, down by 0.1% against a basket of foreign currencies.#BinanceHODLerPLUME