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Tuesday, March 16, 2010

Gold Futures Surge on Interest Rates Staying the Same

Gold futures and Interest Rates

Gold futures rose early in the session and held their gains after the Federal Reserve announced it wouldn't be increasing interest rates at this time.

Gold futures had risen in anticipation there would be no surprises from the Fed, as most feel the earliest increase in interest rates will be later in the year.

The U.S. dollar will remain under downward pressure while gold could resume on a significant upward trend because of everything favoring it as far as monetary policy goes, and the resultant concerns over inflation and risk.

Gold futures and Interest Rates

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