Gold News

Gold lower through most of world trade to its low of $875.75

The gold price
steadily fell throughout most of world trade and ended near its low
of $875.75 with a loss of 2.43% and continued to fall in after hours access trade in reaction to the
fed’s statement.

gold prices fell to about €567, platinum gained $20 to $1576, and copper
fell another few cents to about $3.46.

fed held rates at 2% as expected and said that risks to growth remain
and inflation risks are of "significant concern."

Today's Consumer Credit report for June is expected at $6.0

U.S. dollar index rose as oil fell on demand concerns and easing
supply worries as storm fears continued to ease in the Gulf of

fell as the Dow, Nasdaq, and S&P rose for most of trade and ended
nearly 3% higher as oil fell again,
Services came in better than expected, and the Fed did not bring any
real surprises with their decision to hold rates at 2%.


Chris Mullen is chief content manager of the GoldSeek family of websites, a leading source of gold news, comment and mining-stock data for private and institutional investors.

See the full archive of Chris Mullen articles


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