Gold, Oil Pop Higher as Fed Adds $45B/Month to Purchases (GLD) (UUP) (USO)

December 12, 2012 12:41 PM EST Send to a Friend
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Gold and oil are showing some gains following the FOMC statement this afternoon, which said in part that open market MBS operations would remain at $40 billion per month while Treasury purchases will start at $45 billion per month following conclusion of Operation Twist.

Higher today are SPDR Gold Trust (NYSE: GLD) and US Oil (NYSE: USO), while the PowerShares DB US Dollar Index Bullish (NYSE: UUP) and iShares Barclays 20+ Year Treas Bond (NYSE: TLT) spiked lower.

For the full statement, click here.


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