Tuesday, March 16, 2010

Gold Prices Surge by $21

Gold Prices and Interest Rates

Gold prices increased as much as $21 today, reaching $1,128 an ounce in anticipation of the Federal Reserve keeping interest rates where they were, which highly favors gold prices and gold futures.

Now it will be interesting to see if gold pushes past these barriers and maintains its move upward.

Fundamentals continue to reward gold because of ongoing monetary policies form central banks and governments around the world which are hammering the value of their currencies, making gold a currency, and the most trustworthy one, in the minds of investors and those seeking safety from inflation and risk.

Gold Prices and Interest Rates

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