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Reuters reported that frustration with the Fed’s decision to extend Operation Twist caused gold to drop nearly 4 percent this week.
Reuters reported that frustration with the Fed’s decision to extend Operation Twist caused gold to drop nearly 4 percent this week.
As quoted in the market news:
Spot gold was up 0.2 percent at $1,568.70 an ounce by 2:59 PM EDT (1859 GMT), just $5 above the closing price of $1,563.80 for 2011.
The metal noted a 3.5 percent this week for its second-largest weekly decline of the year.
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| Commodities | |||
|---|---|---|---|
| Gold | 2390.85 | +9.05 | |
| Silver | 28.23 | -0.66 | |
| Copper | 4.30 | -0.08 | |
| Oil | 85.37 | -0.04 | |
| Heating Oil | 2.66 | 0.00 | |
| Natural Gas | 1.73 | +0.04 | |
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