Gold Jumps to a Four-Week High

Filed under: Commodities Gold is back in the news. December gold futures were up $17.20 to $1,215.10 per ounce. Gold buying is spurred by safe-haven demand . Investors simply want to buy gold. The SPDR Gold Trust ( GLD ) the world’s largest gold-traded fund, added 3.04 metric tons to 1,285.79 metric tons. Demand also rose after the Federal Reserve announced another bout of quantitative easing. The Fed is using the proceeds from its previous purchases to buy additional Treasuries. This in an effort to keep interest rates low. Continue reading Gold Jumps to a Four-Week High Gold Jumps to a Four-Week High originally appeared on BloggingStocks on Fri, 13 Aug 2010 09:30:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Gold Jumps to a Four-Week High

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