Gold prices jumped to the highest level in 2 weeks after dovish comments by the Fed Chairman Ben Bernanke. The stance to maintaining loosening monetary policy sent the US dollar, helping the rise in the yellow metal. Market sentiment was also driven up by Germany’s Chancellor Angela Merkel’s indications that the biggest economy in the Eurozone would allow an increase in the firewall for the debt crisis. Wall Street gained with the DJIA and the S&P 500 indices adding +1.23% and +1.39% respectively.
Go here to read the rest:
Sentiemnt Boosted by Comments from Merkel and Bernanke
Leave a Reply
You must be logged in to post a comment.