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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Eight reasons why gold is going up

Posted on 02 May 2011

Gold is up by 7.6% for the year till date and for the year of 2010, gold ended higher by 30% that saw a decade of gold rally (on an annual basis) culminating in another one. Let us see the eight factors driving up the gold prices:
Near-zero interest rates in US: On last Wednesday when Federal Reserve decided to keep the interest rates in a range of zero to 0.25%, gold prices rose higher. The said interest rate range has been maintained since December 2008………………………………………Full Article: Source


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VRS - who has written 39513 posts on Opalesque Commodities Briefing.


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