Gold Prices Rally On Weaker Jobs Report, Hopes For More QE Remain
(Kitco News) - Gold futures prices rallied after the release of weaker-than-expected September nonfarm payrolls Tuesday, adding to gains established minutes before the figures were released, as the soft data may mean any tapering of U.S. quantitative easing by the Federal Reserve gets delayed.
The rest of the metals complex strengthened briefly, with copper values already firmer going into the report. Silver quickly shed its pre-data losses. Platinum rose initially, then fell, while palladium briefly traded firmer before sliding back to weaker.
At 9:05 a.m. EDT, December Comex gold futures were up $13.60 an ounce at $1,329.40, but off the initial reaction high of $1,337.90. December silver was up 20.2 cents an ounce at $22.480. Nymex January platinum was down $5.20 an ounce at $1,433.40 and December palladium was down $5.55 an ounce at $744.20. Comex December copper gained 3.25 cents at $3.3360 a pound.
selanjutnya baca di
Maksud QE pula
What is QE3 (quantitative easing)?
"Quantitative easing" refers to steps that the U.S. Federal Reserve takes in attempting to boost the country's lagging economy. Historically, the Fed's main tool for spurring growth has been lowering short-term rates. However, QE employs expansionary monetary policy, which involves the purchasing of bonds when the interest rate can no longer be lowered.
Selanjutnya baca di http://www.investopedia.com/ask/answers/12/quantitative-easing.asp
Abdullah Bin Mohammad