Gold price move up a little bit early on Wednesday as investors remained cautious ahead of the release of minutes from the U.S. Federal Reserve’s last meeting.
Janet Yellen, chairman of the Federal Reserve (Fed), said during a meeting with Mervyn King, former Governor of the Bank of England (BoE) at the Stern Institute. New York University Yesterday One of the most important challenges for the Fed this time is US inflation remains below the Fed’s target of 2%. However, she said the Fed will continue to raise interest rates gradually.
Janet Yellen, who will run her position as Fed chairman until February next year. And will be step down from the Fed’s board members. Warns “Too low level of inflation may result the inflation forecast of consumer adjust down as seen the past several the years” However, she believes in the past inflation forecast have not much fallen.