After touching its highest level in July 2016, close to 1380 dollars per ounce, Gold began to weaken and on Tuesday experienced its strongest decline in 3 years - a drop of nearly 3%.
In August, the BoE said it was prepared to provide more monetary stimulus if necessary. Yet, the Bank decided not to change anything in its monetary policy.
The FED releases its Beige Book eight times a year. Its purpose is to gather information on the economic conditions in each of the twelve areas (or “districts”) of the United States.
The dollar was relatively flat after the publication as it provided few surprises. The committee saw the economy as being robust enough to withstand a rate (possibly in in September) while concerns over Greece were raised as expected.