Large as quantitative easing, announced the gold price up

US Federal Reserve announced the 600 billion dollar fund to buy yesterday afternoon, the gold investors of gold up after the Fed Announces Big QE 2As pushed with precious metal prices considerably this morning. At the time of publication of the Gold was $ is admitted to trading on more than 30 $ Ounce yesterday's closing price, subject to a maximum of 1378.90 New York spot market.

Such as the Federal Reserve to invest hundreds of billions of dollars on the economy, by diluting the money supply and reduce the value of the US dollar into gold is an attractive way to a foreign account by "logging in" again possible future inflation.In spite of the fact that inflation is not today worry, fears that the billions of dollars of extra money supply eventually lift the everyday prices really has helped with precious metal constitute only minor constituents. already in raw material prices are rising, which means that the price of goods rises also everyday too, eventually, to reduce the amount of the expenditure conforms to the power of the dollar.

In the previous 12 months, the gold price has increased by a staggering 25% or $ 286 per ounce. 90. other precious metals are also all this morning, including the Platinum and silver.