Gold Investing News » Gold Prices Up on Fed Interest Rate Announcement

Gold Prices Up on Fed Interest Rate Announcement

January 26, 2012 @ 6:50 am In Gold Market News

Reuters reported that gold prices reached a 6 1/2 week high as interest rates stayed low.

As quoted in the market news:

Spot gold was up 0.3 percent at $1,714.60 an ounce at 1212 GMT, while U.S. gold futures for February delivery were up $14.70 an ounce at $1,714.80.

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[1] Click here to read the full Reuters report.: http://www.reuters.com/article/2012/01/26/us-markets-precious-idUSTRE7AK1M520120126