Gold May Advance

- January 26th, 2011

Bloomberg reports that Gold may gain after the Federal Reserve said that the U.S. still needs stimulus to cut unemployment.

Bloomberg reports that Gold may gain after the Federal Reserve said that the U.S. still needs stimulus to cut unemployment.

The market news is quoted as saying:

The Fed kept its benchmark interest rate at zero percent to 0.25 percent, and also maintained plans to buy $600 billion of Treasuries through June. The statement drove spot gold’s biggest percentage gain this year yesterday, paring a monthly loss that’s been driven by speculation haven demand is waning.

Click here to access the entire news

Get the latest Gold Investing stock information

Tags

Leave a Reply