Diane Alter

Gold Prices in 2014 Heading Toward Record High After Pullback

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Gold Prices in 2014: After two days of declines, gold prices were up today (Wednesday).

Spot gold was last quoted up $12.40, or nearly 1%, at $1,293.20 on bargain hunting and short covering. Precious metal traders, however, remain guarded ahead of Thursday’s European Central Bank meeting and Friday’s closely watched jobs report.

The post Gold Prices in 2014 Heading Toward Record High After Pullback appeared first on Money Morning – Only the News You Can Profit From.

FOMC Meeting: Data-Dependent and Dovish

The end of today’s Federal Open Market Committee (FOMC) meeting included fresh dovish language in its policy statement – but the market-friendly attitude failed to excite investors who were hoping for more.

As widely expected, the U.S. Federal Reserve announced it will stay the course on its bond tapering. Anticipated – but not as expected – the policy statement shed some light on eventual interest rate hikes.

The post Today’s FOMC Meeting: Data-Dependent and Dovish appeared first on Money Morning – Only the News You Can Profit From.