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
Print