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- Gold rose to a two-week high
Gold rose to a two-week high
Gold prices rose to a maximum of two weeks after Federal Reserve Chairman Ben Bernanke promised to continue a policy change to stimulate economic growth.
From the beginning, gold fell by 25 percent since Bernanke in May and June, said that the Fed will begin to decline in buying bonds this year. But on Wednesday, Bernanke said that the need for a soft, Fed policy will continue for the foreseeable future, and that interest rates will not be automatically upgraded as soon as the unemployment rate will reach the target of 6.5 percent of the Fed.
Physical demand in major markets - China and India - in contrast to reduced speculative demand in April, when prices fell by about $ 200 for two days.
The cost of the August gold futures on COMEX today rose to a high of $ 1297.20 an ounce.
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