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Gold Noses at $1650 per oz After FED Meeting

Gold Noses at $1650 per oz After FED Meeting

by Jan Harvey and Amanda Cooper, Reuters:

Gold rose for a third day on Thursday as weak employment figures and a pledge by the Federal Reserve the previous day to keep interest rates near zero weighed on the dollar and teased out some investor demand.

Data showed first-time claims for unemployment benefits in the United States were broadly unchanged last week, while a longer-term gauge rose to its highest level since January, undermining the dollar..

Read More @ Reuters.com http://sgtreport.com/2012/04/gold-noses-at-1650-per-oz-after...

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