Wednesday, 25 January 2012

Gold goes Ballistic - Fed says no rate hikes until late 2014

Wondering why gold just went ballistic in the matter of minutes?


"The Federal Reserve extended its conditional pledge to keep its benchmark interest rate close to zero by more than a year, saying the economy is growing too slow to meaningfully lower the unemployment rate."

Translation, QE to infinity

Like this post? Subscribe to our free gold and silver newsletter