The Federal Reserves interest rate cut of 50 basis points inspired investors to push the price of gold to a 27-year high in the Comex division at the New York Mercantile Exchange at 3:26pm. The last time the price was higher was February 11th, 1980. Investors fearful of a weaker dollar and inflationary pressures are using gold as a currency hedge.
read more | digg story
Subscribe to:
Post Comments (Atom)
-
The Pentagon Just Threw Larry Ellison a $7 Billion Lifeline. Will It Be Enough to Stop the Oracle Crash? White House offers its science bl... -
Is it illegal to trick the US government into wiping your phone during a questionably legal search | The case of a traveler who allegedly en... -
High school teacher arrested for clapping in support of anti-data center activists SpaceX Stock Hammered After Starship Booster Fails in F...
No comments:
Post a Comment