From FMX Connect
Gold settled at $1272.50 per 100 troy ounces on Tuesday, a net loss of
of $6.60 for the day. After-hours activity was a different story
entirely with a sharp rally after the FOMC minutes triggering an
intense rally and prices as high as $1285.
gold was up $19.10 to $1291.80 per 100 troy ounces as of 7:50 AM EST,
this morning. The December U.S. dollar index was down .643 to 80.03.
October platinum was up $18.60 to $1634.70 per 50 troy ounces. December
silver was up 46.5 cents to $21.10.
Bloomberg (Reported 9/22/2010)
climbed to a record in London and New York after the Federal Reserve
said it was willing to ease monetary policy further to boost the U.S.
economy, triggering a slump in the dollar.
dollar declined as much as 1 percent against the euro today, after the
Federal Open Market Committee said yesterday in its statement that it’s
“prepared to provide additional accommodation if needed to support the
economic recovery.” Silver reached the highest price since March 2008
and platinum hit a four-month high.” Gold Climbs to Record as Dollar Weakens Following Fed Statement
NS Futures (Reported 9/22/2010)
gold market has apparently been cheered by developments over the last
24 hours, as gold has jumped to fresh new highs off a number of
different developments In addition to higher yields than were seen in a
prior Portugal government debt auction, the gold trade also seemed to be
cheered by a fresh new low in the Dollar, talk of additional
quantitative easing, and perhaps even uncertainty in the US
equity markets in Asia were mixed overnight, stock markets in Europe are
generally weaker this morning. U.S. stock indices have traded
moderately lower during the early Wednesday trade.” Daily Metals Commentary
Reuters (Reported 9/22/2010)
rose for a third day on Wednesday to hit record highs above $1,290 an
ounce after the Federal Reserve's signal that it was prepared to pump
fresh cash into the economy hurt the dollar and whet investor appetite
Silver edged ever-closer to
its highest in thirty years, against a backdrop of investors seeking
cheaper safe-haven assets, which was reflected in the largest one-day
inflow of metal into the iShares Silver Trust in 10 months.” Gold bursts to record high after Fed rates nod