17.09.2012 - Gold shines more brightly as Bernanke pushes out the QE boat again
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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