US: EIA Crude Oil Stocks drop -1.314M in Mar-15 week

The price of gold has edged lower, though is still holding onto the 1610 level Wednesday ahead of the FOMC minutes later today at 18:00 GMT. While the overall message is expected to contain more of the same – i.e. a continuation of the stimulus measures to buoy the economy, the yellow metal seems to be trading in a narrow range, refusing to break in either direction. In these moments the price of gold has settled at USD $1609.80 per oz. during American trading.