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31%  
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Keyword: morestimulus

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  • PRECIOUS-Gold Rises for seventh day after Fed stimulus surprise

    08/23/2012 3:32:16 AM PDT · by Son House · 18 replies
    Reuters ^ | Aug 23, 2012 | Amanda Cooper
    The minutes of the Federal Open Market Committee's meeting at the end of July showed on Wednesday the central bank is likely to deliver another round of stimulus "fairly soon" and that any such decision would be highly dependent on economic data. Analysts said that while the signal that additional stimulus for the U.S. economy was positive for gold in the near term, the most recent read on key indicators such as consumer spending, manufacturing or jobs growth since the Fed's last meeting pointed to a more robust phase of economic growth and as such, gold's gains could be limited....