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Gold gains with FOMC minutes ahead
LOS ANGELES (MarketWatch) — Gold on Wednesday rebounded from a trio of downbeat sessions, as investors dipped into the safe haven ahead of the closely watched U.S. Federal Reserve minutes.

At last check, gold for August delivery (CNS:GCQ4) was up $7.60, or 0.6%, to $1,324.10 an ounce. September silver (CNS:SIU4) gained 15 cents, or 0.7%, to $21.16 an ounce.

The bruising that befell stocks, particularly of the tech variety, a day earlier didn’t do much to boost gold prices, which fell for a third-straight session on Tuesday and touched lows not seen in more than two weeks.

Volatility should pick up this afternoon, depending on what we get from the Federal Open Markets Committee.

“The focal point for U.S. traders this week is the FOMC meeting minutes from the Federal Reserve,” said Kitco’s Jim Wyckoff. “That data could give the markets a bit of a rattle, as markets have been very sensitive to Fed data releases in recent years.” http://www.marketwatch.com/story/gold-gains-with-fomc-minutes-ahead-2014-07-09?dist=beforebell