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Fed’s third act propels gold, others lag

Posted on 14 September 2012

Major commodity markets, including oil and copper, gave an initial tepid response to the Federal Reserve’s third effort to revive the U.S. economy, leaving gold the biggest beneficiary of a plan that has been slowly baked into markets for weeks.
Prices jumped immediately on Thursday after the Fed said it had agreed to buy $40 billion of mortgage debt per month and continue to purchase assets until the outlook for jobs improves substantially, meeting broad expectations for a third set of quantitative easing to get growth back on track………………………………………..Full Article: Source


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