24.09.2014 - Gold prices: Who has the Midas touch?
The glint of gold has caught the eye of Business Middle East. It was a golden week for buyers of bullion as prices continued to drop. Prices slid to their lowest level in nearly nine months, as the dollar rose to its highest in four years against a basket of major currencies. Why gold fell: There were several influences at play, but the biggest was higher borrowing cost expectations from the Federal Reserve. After the latest meeting of the Fed’s policy committee, Chair Janet Yellen said interest rates in the US will remain near zero for a “considerable time,” but she also projected a faster rate of increases when they do occur...............................................Full Article: Source
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