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Gold shines more brightly as Bernanke pushes out the QE boat again

Posted on 17 September 2012

Ben Bernanke fired the starting gun for more quantitative easing (QE) last week, in a move that should be positive for commodity prices – especially gold. But has the effect of extra liquidity already been priced in?
Commodities, as defined by Standard & Poor’s GSCI Spot Index of 24 raw materials, have just seen their longest run of weekly gains since 2010. The index has risen for seven weeks in a row. Confirmation of more QE also propelled gold to a six-month high and copper prices to their highest level since May………………………………………..Full Article: Source


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