Part 1 drove markets from the depths to the highs, and markets have cooled off since QE 1 has stopped.
The threat of more QE (basically fancy way of saying raw printing of currency, to devalue the currency), gold shot up.
Click here for a cynics look at FOMC minutes.
Charts of FOMC (at 2:15pm) announcements in gold, USD. Bond market closes at 2pm, so we will see rate impact tomorrow.