The big FOMC announcement was not a disappointment, as the Fed announced open-ended Quantitive Easing and extended the forecast for low interest rates to mid-2015.
This lit a fire under the gold market, which had sold off in nervous trading immediately before the announcement, powering the market higher through 1750. The current price is 1772 and gold looks poised for further gains with strong momentum behind the move.
Today's video looks in more detail at yesterday's action and our price targets for this rally leg.
This lit a fire under the gold market, which had sold off in nervous trading immediately before the announcement, powering the market higher through 1750. The current price is 1772 and gold looks poised for further gains with strong momentum behind the move.
Today's video looks in more detail at yesterday's action and our price targets for this rally leg.