The promise of the Fed Raise Rates Gold, America Recovers From

Gold

Gold soared to its strongest level for more than a month today after the Fed promised to keep their rating remained low until at least the next two years to strengthen the appeal of the metal.
Spot gold corrected sharply to 1709.19 per ounce after earlier touching tertinngi point in the range of 1713.59 dollars per ounce, the highest price since mid-December. Metals prices rose most sharply in the last four months.
American Gold rose 0.56 percent to 1709.6 per ounce.
Fed chairman, Ben Bernanke said the Fed is ready to offer new economic stimulant and they will keep their rating remained near zero until 2014.

Gold futures contracts on the Tokyo Commodity Exchange also soared. Gold futures rose in December, the sharpest daily since October, with a range of 4295 yen per gram.
Nikkei down today to end its highest rise in three months in the previous session, with industrial robot maker Fanuc is weakened.
U.S. oil futures rose in Asian trade, extending gains after the Fed to maintain its rating for longer than expected and will help the development of the American economy.

Financeroll