(Kitco News) - Gold and silver markets are staging strong rebounds in late-morning price action Tuesday. The rallies came in the aftermath of the Federal Reserve announcing it is reopening its emergency commercial paper funding program that was used in the 2008 financial crisis.
There had been rumors and reports this week that the short-term U.S. credit system was not liquid and dislocations were being experienced. The move by the Fed also supported the U.S. stock market as prices rallied after the Fed news