Gold rises on dollar drop


Frank Tang and Jan Harvey
Reuters
November 4, 2013

Gold rose in quiet trade on Monday, lifted by a dollar drop and comments by a senior Fed official that the U.S. central bank should keep up its monetary stimulus.

Bullion investors looked toward U.S. jobs data later this week for trading cues. The precious metal was moving in a $10 range with less-than-average turnover due to a light schedule of
U.S. economic indicators on Monday, traders said.

Gold prices were supported after St. Louis Federal Reserve President James Bullard told CNBC television that the Fed should not rush a decision to scale back its asset purchase program
because of low inflation.

Read more


Infowars.com Videos:


Comments are closed.