Gold Ramps on Fed Evans Comments
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Gold is at its highest levels since Nov. 14 following dovish comments from Chicago Fed President Charles Evans on CNBC this morning.
Evans said the Fed needs to extend 'operation twist' through 2013. He also said the Fed has not done a good job explaining its attitude toward inflation, saying inflation risks are not very large at this time.
The Fed President also said the Fed can be even more explicit about what economic conditions will influence its future decisions.
SPDR Gold Shares (NYSE: GLD) last traded at $173.38, up 0.9 percent.
Evans said the Fed needs to extend 'operation twist' through 2013. He also said the Fed has not done a good job explaining its attitude toward inflation, saying inflation risks are not very large at this time.
The Fed President also said the Fed can be even more explicit about what economic conditions will influence its future decisions.
SPDR Gold Shares (NYSE: GLD) last traded at $173.38, up 0.9 percent.
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