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Gold prices fell sharply, dropping at the same time below $ 1570, which was associated with the expectations of the publication of minutes of the last meeting of the FOMC. Note that due to human error, the Fed minutes were presented for 5 hours earlier than planned. As it became known, records showed that all but a handful of leaders Fed at its last meeting agreed that they wanted to continue the program, at least until the middle of the year. "But they expressed a range of views on how to buy bonds may develop after mid-year. Some leaders at the March meeting, it seemed that the Fed will be able to start reducing purchases of bonds around the middle of the year. Others expect that the Fed will continue to purchase until September, after which they will roll. Several executives wanted to continue the program at its current rate until the end of 2013 year and in 2014. Some also did not rule out the possibility of increasing the program if economic prospects worsen.
We also add that the drop in the value of gold has contributed information that Goldman Sachs lowered its forecast for the price of gold for 2013 and 2014. According to estimates Goldman Sachs, by the end of 2013 enes at reaching $ 1,450 per ounce, while by the end of 2014 they will be equal to 1270 dollars per ounce. Meanwhile, it was reported that Goldman Sachs started to open short positions in the gold futures on the COMEX.
May futures on COMEX gold fell today, and now stands at 1569.50 dollars per ounce.
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