27.01.2012 - Gold reclaims $1,700 after FOMC statement signals Fed more dovish than thought
Gold rocketed above $1,700 an ounce Wednesday for the first time since mid-December when a statement from the Federal Open Market Committee suggested that policy-makers may be even more dovish than financial markets had expected. Furthermore, Gold generated upward technical momentum with a so-called “outside day” reversal higher on the charts and also by closing the pit session above a number of moving averages..............................................Full Article: Source
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