GOLD 21.06.2012 UPDATES :- Gold slid, then cut losses, on Wednesday after the
Federal Reserve said it would extend its stimulus to
a stalling U.S. economic recovery but did not signal
more aggressive monetary easing.
• The metal initially fell 1.5 percent on disappointment
that the Fed did not announce a third round asset
buybacks known as quantitative easing (QE3).
Investors have been betting on the use of gold as a
hedge against economic uncertainty and currency
depreciation risks brought by central bank actions,
• The statement concluding a two-day policy meeting
said the Fed is renewing its effort to depress
borrowing costs by selling short-term bonds to buy
longer-dated ones, extending its program better
known as "Operation Twist" to the end of 2012.
• U.S. gold futures for August delivery were down
$7.70 an ounce at $1,615.50, with trading volume in
line with its 30-day average. (NEAL BHAI 9999974733)
Federal Reserve said it would extend its stimulus to
a stalling U.S. economic recovery but did not signal
more aggressive monetary easing.
• The metal initially fell 1.5 percent on disappointment
that the Fed did not announce a third round asset
buybacks known as quantitative easing (QE3).
Investors have been betting on the use of gold as a
hedge against economic uncertainty and currency
depreciation risks brought by central bank actions,
• The statement concluding a two-day policy meeting
said the Fed is renewing its effort to depress
borrowing costs by selling short-term bonds to buy
longer-dated ones, extending its program better
known as "Operation Twist" to the end of 2012.
• U.S. gold futures for August delivery were down
$7.70 an ounce at $1,615.50, with trading volume in
line with its 30-day average. (NEAL BHAI 9999974733)
No comments:
Post a Comment
If you have any doubts, Please let me know