31.01.2014 - Gold price rally fades, Credit Suisse sees $1,000 on the horizon
The gold price on Thursday gave up hard fought gains wracked up on Wednesday after a decision by the US Federal Reserve to throttle back its economic stimulus program. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery – the most active contract – last traded at $1,243.30 an ounce, shedding $18 from yesterday's close. The Federal Open Market Committee as widely expected announced another $10 billion a month cut to purchases under its quantitative easing program...............................................Full Article: Source
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