(News) Gold and silver prices are trading sharply up in early U.S. trading Monday. Prices shot from modestly higher levels overnight to sharp gains following an announcement from the Federal Reserve that the U.S. central bank will very aggressively buy more securities, including mortgage-backed, and also open up “main street” lending facility. The Fed used the term “unlimited” on amounts it will spend. U.S. stock indexes also shot above unchanged price levels on the day after trading sharply lower before the Fed news. April gold futures were last up $37.80 an ounce at $1,522.00. May Comex silver prices were last up $0.50 at $12.89 an ounce.


Thread: 
Thanks
Currently Active Users
Forex Forum India Statistics