Fed QE3 gold price

U.S. Federal Reserve Board (Fed) 13 announced the launch of three open (open-ended) quantitative easing (QE3) per month to buy $ 40 billion of mortgage-backed securities (MBS), in order to boost the recovery faltering economy.

2 New York, gold futures rose to break the $ 1,750 per ounce.

3 With the U.S. Federal Reserve (Fed) announced that three of quantitative easing (QE3), the New York price of gold since February for the first time to break through the 1.77 thousand U.S. dollars per ounce hurdle, the price of silver to follow up rose, copper prices side by side walking Yang

4 With the pressure the Fed will borrowing costs in an unprecedented low, and through two rounds of quantitative easing purchase of debt of 2.3 trillion dollars, the price of gold soaring from the end of December 2008 until June last year, 70%.

Linde fear the collapse of the concerns of the global economy this year, the price of gold may take advantage of the demand for hedge funds soared on record high. September 6 last year, the price of gold rush points $ 1,923.70, the highest-ever debt crisis is part of the reason behind.

New York, December silver rose 4.5% per ounce at $ 34.778, the biggest gain since June 29, after earlier hitting $ 34.87, and wrote a new high since March 5.Fed QE3 gold price
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