Ann: September 2015 Quarterly Report, page-71

A note from analysts from CIBC read, “As expected there was no change in interest rates this month, but the Fed did take a step back towards possibly hiking at the December meeting by removing one of the additional barriers it inserted in September,” the note said. “By removing the sentence that global economic and financial market developments could restrain activity and put downward pressure on inflation, it sounds less concerned about the global and financial backdrop than in September, although the Fed continued to state that it was ‘monitoring’ global economic and financial conditions.”

So Gold dropped aggressively because the Fed meeting minutes had one sentence dropped compared to their last meeting minutes. Can you imagine what will happen to the price of Gold when the market realises the Fed can never raise rates?