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MarketWatch: Gold Finds Support from US Fed

LONDON, 25 October 2012 - Comment from world-leading online gold and silver exchange BullionVault today features in the latest precious-metals report from MarketWatch, the financial news site from the Dow Jones family of companies.

"The market was not expecting much from [Wednesday's] Fed statement, and nothing much is exactly what it got," MarketWatch quotes Ben Traynor, chief economist at BullionVault.

"Nonetheless, the commitment to ongoing asset purchases at $40 billion a month should be a supportive factor for gold. The initial impact of last month's announcement may have worn off, but the steady drip-drip of liquidity will go on."

You can read the full report at MarketWatch here...


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Source: 
MarketWatch