- The 9-day run higher for gold (GLD -0.4%) is the longest since July 2011, and - while it might be attributed to a hawkish vibe from the FOMC - the metal was lower going into the minutes.
- BTIG's Dan Greenhaus cautions against reading too much into "few" suggested rate hikes "relatively soon." A "few" may indeed want that given the move higher in equilibrium rates, says Greenhaus, but others on the FOMC argued (and won) that standard policy tools don't apply now. "Focusing on the former without the context of the latter makes for an incorrect analysis."
- Gold -0.6% to $1,316 per ounce.
- ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DGZ, GLDI, AGOL, DGLD, TBAR, UBG, GLDE, GYEN, GEUR, GGBP
at CNBC.com (Jan 16, 2015)