Wed, Aug 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold prices flirt with $1300 as Yellen moves to chair US Fed

Posted on 10 October 2013

Gold Prices dipped below $1300 per ounce for the first time in 1 week Wednesday afternoon in London, dropping 2.6% from yesterday’s high after news broke that Janet Yellen is set to lead the US Fed when Ben Bernanke steps down as chairman in February 2014.
The US Dollar rose, and European shares fell into the red for the day after earlier recovering losses. US stocks also dropped. Commodities ticked lower, as did major government bonds. Short-term US debt set to mature this month, after the October 17th debt ceiling deadline, fell hard to drive T-bill yields higher again to 0.36%. They were negative as recently as late September………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36521 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31