federal reserve | Cache Metals

federal reserve

Gold & Silver Daily Market Recap: September 21st 2012

cache Metals Gold & Silver Daily Market Report

Spot gold traded sharply higher testing fresh 6 month highs of $1787.60 as the buying has been spurred on by the monetary stimulus from Central banks.

With a lack of fresh new U.S data released traders continued to ride the monetary stimulus train as four major central banks, the European Central Bank, the US Federal Reserve, the People's Bank of China and the Bank of Japan all announce stimulus measures in the past few weeks. This could have inflationary implications, which would benefit gold because it acts as an inflation hedge.

Tags: 
jobless claims
Gold
federal reserve
yellow metal

Pages

Subscribe to RSS - federal reserve

USA

Canada


Partners

  • United States Mint
  • Royal Canadian Mint
  • The Perth Mint Australia
  • Johnson Matthey
  • A-Mark Precious Metals, Inc.
  • Laurentian Bank
  • Engelhard
  • Brinks

© 2012 Cache Metals Inc.   |   Canada's Gold & Silver Specialists.

Buy Gold Online Buy Silver Online Buy Platinum & Buy Palladium Buy Bullion Bars & Coins Online

 

Toronto Retail Location l Buy Gold & Silver in Toronto
215B Davenport Road l Toronto l Ontario l Canada
Tel: 416.916.6660 l Toll Free:1.877.916.6670  |  Fax: 416.916.6702
Hours Map Toronto Gold & Silver Store

 

 

 

Cache Metals, an online gold and silver bullion dealer, services clients across Canada & the USA, including; Toronto, Vancouver, Montreal, New York, California, Georgia, New Jersey, Ohio, Tennessee, Montana, Florida, Boston, Detroit. Buy gold and silver online at wholesale prices.