Gold sees fall following FEDs announcement Gold Bug.

Gold News

Refiners

Precious Metal Scrap Types





Platinum News Gold News Silver News

Silver News News

Sell Gold Scrap


Gold sees fall following FEDs announcement

Gold prices saw a fall on Wednesday, following Feds directives of no big policy changes in the Reserve monetary policy in the near term. This has come soon after the gold saw a fall in both spot on future prices are a market correction following a huge bull run in the gold prices that continued a few months in a row. The February delivery in the gold futures market was recently down $1.40, or 0.1%, at $1,330.90 a troy ounce in the New York Mercantile Exchange. With the investors gaining more and more confidence in the growth prospects of global economy, gold has till date lost 6.4% so far. Gold, which was seen as a hedge against financial turmoil and European sovereign debt issues seems to have been loosing its preference with its fond investors in the current markets.

25th Jan Tuesday 2011 Gold Bug

Latest Gold News

Gold