Todays AM fix was USD 1,355.25, EUR 1,002.18 and GBP 845.39 per ounce. Yesterdays AM fix was USD 1,363.50, EUR 1,005.90 and GBP 848.16 er ounce <\/p>\n
Gold fell $1.10 or 0.08% yesterday, closing at $1,365.20\/oz. Silver dropped $0.08 or 0.35%, closing at $23.01. At 3:41 EDT, Platinum fell $3.70 or 0.3% to $1,458.80\/oz, while palladium rose $13.85 or 1.9% to $730.59\/oz <\/p>\n
Gold edged off since its rally after the U.S. Federal Reserve decided to maintain its current stimulus program. The yellow metal added nearly 3% for the week and is on track for its biggest gain in five weeks. Gold bullion rallied 4.1% on September 18th after the Fed cited it needed to see more examples of economic recovery before it reduces the $85 billion-a-month of bond buying. <\/p>\n
Bernanke clearly stressed that the quantitative easing program was \"not on a preset course\". The \"no tapering\" was a surprise to the market as bullion fell almost 20% this year in anticipation of a wind down in bond buying, but it has now gained from technical buying and short covering since the news. <\/p>\n
Gold In U.S. Dollars, 5 Days - (Bloomberg) <\/p>\n
Dr. Ron Paul, a former republican member of U.S. Congress from Texas discussed the Fed decision on Fox Business News segment, After the Bell. <\/p>\n
David Asman: What do you think about the Feds decision to continue money printing? <\/p>\n
Dr Paul: I think its a very bad sign I think it means the Fed is really worried. <\/p>\n
David Asman: Worried about what? <\/p>\n
Dr Paul: About the economy. They are always bragging that things are really well, employment is up. <\/p>\n
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More: Todays AM fix was USD 1,355.25, EUR 1,002.18 and GBP 845.39 per ounce. Yesterdays AM fix was USD 1,363.50, EUR 1,005.90 and GBP 848.16 er ounce Gold fell $1.10 or 0.08% yesterday, closing at $1,365.20\/oz. Continue reading
\nRon Paul on U.S. Fed QE: Prepare for the Destruction of the Dollar<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"