Gold Halts Its Short-Lived Rally

Gold fell today after rallying yesterday. The rally was caused by the weakness of the US dollar. The greenback fell 0.6 percent against the basket of six major currencies. The minutes of the last Federal Reserve meeting did not help the currency even as they showed that some policy makers favor reduction of quantitative easing. Previously, gold fell on reports that Cyprus is going to sell bullion as a way to reduce its debt. [...]