Tag Archives: commodities news

Gold rises on expectations of QE by Federal Reserve

Gold prices moved higher on Wednesday ahead of the U.S. Federal Reserve policy meeting. The US dollar remains under pressure on expectations of easing by the Federal Open Market Committee (FOMC). There is strong speculation that the Fed will ease further and introduce fresh quantitative easing measures in the way of bond buying.  Such measures tend to have a weakening effect on the US currency...

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December 12, 2012 @ 10:48 am

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Gold rises on expectations of QE by Federal Reserve

Gold prices moved higher on Wednesday ahead of the U.S. Federal Reserve policy meeting. The US dollar remains under pressure on expectations of easing by the Federal Open Market Committee (FOMC). There is strong speculation that the Fed will ease further and introduce fresh quantitative easing measures in the way of bond buying.  Such measures tend to have a weakening effect on the US...

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December 12, 2012 @ 10:48 am

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Gold tumbles to one-month low

Gold prices to a one-month low on Wednesday, falling below the key $1,700 an ounce level. This is the second day prices fell. The strength of the US dollar pressured gold since the two assets usually have an inverse price relationship. Gold futures for February delivery lost 0.1 percent to settle at $1,693.80 an ounce on the Comex division of the New York Mercantile Exchange. Prices had briefly...

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December 5, 2012 @ 9:13 pm

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Gold tumbles to one-month low

Gold prices to a one-month low on Wednesday, falling below the key $1,700 an ounce level. This is the second day prices fell. The strength of the US dollar pressured gold since the two assets usually have an inverse price relationship. Gold futures for February delivery lost 0.1 percent to settle at $1,693.80 an ounce on the Comex division of the New York Mercantile Exchange. Prices had...

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December 5, 2012 @ 9:13 pm

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