Precious Metals

Mineweb reports that whether Fed Chairman Ben Bernanke admits it or not, commodity prices have been given a significant leg up by U.S. monetary policies.

Mineweb reports that whether Fed Chairman Ben Bernanke admits it or not, commodity prices have been given a significant leg up by U.S. monetary policies.

The editorial is quoted as saying,

The other statement that I found misleading was when Bernanke said that a strong, stable dollar was in the interests of the United States and the world economy. An expansionary monetary policy leads to the debasement of the currency which ultimately leads to inflation. Inflation is the direct outcome of monetary expansion in the absence of economic growth. And, gold and silver will be direct beneficiaries of such policy.

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MARKETS

Markets
TSX20748.58+216.40
TSXV724.19+9.53
DOW33212.96+575.77
S&P 5004158.24+100.40
NASD12131.13+390.48
ASX7182.70+76.80

COMMODITIES

Commodities
Gold1853.48+0.45
Silver22.12+0.03
Copper4.32+0.06
Palladium2076.57+13.05
Platinum957.08+2.92
Oil115.07+0.98
Heating Oil3.90+0.05
Natural Gas8.71-0.19

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