Gold could continue to benefit next week as China’s financial crisis could

Gold could continue to benefit next week as China’s financial crisis could have more weight on the Federal Reserve’s monetary policy decisions more than domestic economic data, according to some analysts.

Gold’s rally this week started afternoon as the market reacted to what was deemed as dovish minutes from the July Federal Open Market Committee (FOMC) meeting. The minutes showed that some committee members were concerned what impact China’s slowing economy, as well as the global equity selloff, could have on the U.S. economy.
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