Split in America on rate hike

Meeting Minutes revealed the Monetary Policy Committee of the Council of the US Federal Reserve (central bank) for the month of July last division officials on the direction of interest rate hike in the near term, which fell to the dollar to its lowest level in seven weeks, and boosted gold prices.

According to the minutes of the meeting, which was published on Wednesday, a number of monetary policy officials said the rate hike would not be appropriate if the slowdown in the pace of hiring in the US economy happened, despite the fact that the Commission is optimistic about the economic outlook in general.

Disappointment

The record is disappointing to those who bet on the direction of the bank to tighten monetary policy by raising interest rates, after the head of the Federal Reserve Bank of New York William Dudley -day Althelathae- he said that the MPC may raise interest rates by September / September next.

The US dollar fell Wednesday morning against the author of six major currencies to a basket of 94.38 points, the lowest level since June 24 last. The price of gold in online transactions by about 0.4% to above $ 1353 an ounce. And one ounce equals 28.35 grams.

With the survival of the basic interest rates at low levels of the US dollar weakens, the more attractive assets that do not generate revenue, such as gold, as the cost of carrying gold to currencies other than the US dollar holders.