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

Can you have your Gold cake and keep it too?

Posted on 02 October 2012

This morning, when the gold retreated in markets, nobody should have thought of a tsunami in gold prices invading the bearish sands. The prices reached $1,794.40 an ounce, the highest for a most- active contract since Nov. 14 on Monday.
It simply happened and all it took was a few words from the President of Federal Reserve Bank of Chicago, Charles Evans. He maintained that unemployment probably will not fall to 7 percent until 2014 and that the Federal Reserve can do a lot more to boost the economy………………………………………..Full Article: Source


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VRS - who has written 38939 posts on Opalesque Commodities Briefing.


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