Spot gold in the international surged to a near 3-week high as Federal Reserve Chairman Ben Bernanke hinted at an accommodative monetary policy. Check Indian gold rates here
Spot gold in the international market was trading at $1286 an ounce, up 2 per cent. Federal Reserve Chairman Ben Bernanke said that a highly accommodative Monetary policy was needed in the US. This raised hopes that interest rates would continue to remain low and quantitative easing in the US would continue in the form of the Fed's asset buying programme.
Minutes from the June Fed meet also showed that many of the Bank's policy makers wanted an end to the stimulus by the year end provided that the US jobs recovery was on track.
Analysts believe that gold could move higher as the Fed would not taper off the stimulus as was expected in Sept.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google