Prices are up for precious metals across the board.
Gold hit a three month high after the FOMC minutes from the January 31-February 1 meeting were released Wednesday afternoon. While investors and traders anticipated a hawkish overtone to the minutes, the Fed remained largely neutral on upcoming interest rate hikes. Though more was left unsaid than said, traders do believe a March rate hike is very possible.
In December, the Fed indicated as many as three interest rate hikes could occur in 2017, assuming unemployment and inflation data meet expectations. Fed members appeared unwilling to move too quickly towards a rate hike amidst upcoming fiscal policy changes under President Trump.
In the minutes released by the Fed, members noted rates could increase “fairly soon.” This less than hawkish statement led to an immediate elevation in gold prices, though not an overwhelming increase.
The strength of the labor market appears steady, while the dollar’s value continues to fluctuate, though still trending higher since the November election.
Expectations for a minimal bull market continue until Fed officials are more certain of their rate hike timeline. 
Stack your 90% Silver Kennedy Half Dollars while they are on sale!
