Android app on Google Play

Gold Lower as Fed Move Not Enough for a Spur Rally

June 20, 2012 12:42 PM EDT Send to a Friend
Get Alerts GLD Hot Sheet
Trade GLD Now!
Join SI Premium – FREE
SPDR Gold Trust ETF (NYSE: GLD) is on the move today as comments from the FOMC today announced a continuation of operation twist. The measure will see the Fed buy 6-30 year U.S. bonds while selling shorter-term securities.

Prior the release, spot gold was trading at $1605/oz. and is currently at $1592/oz. The $13 per oz spike lower came as the Fed announcement disappointed some who had hoped for more aggressive easing.




You May Also Be Interested In


Related Categories

Commodities, ETFs

Related Entities

Federal Open Market Committee

Add Your Comment