S. central bank could begin reducing the amount of longterm bond purchases it made through its quantitative easing program. Bernanke initiated three rounds of quantitative easing starting in November, 2008, to keep interest rates low in order to stimulate economic growth. A taper tantrum could rattle markets with sudden, sharp upward rate movements.
The precipitous fall in government bond prices, meanwhile, has weighed on gold, which is not attached to interest rates.The U.S. Dollar Index, which measures the strength of the greenback versus a basket of six other major currencies, rose 0.66% to 94.82, one day after falling to 93.99, the lowest level since lateFebruary.
Elsewhere, silver for July delivery fell 0.209 or 1.27% to 16.297 a troy ounce.Copper for July delivery dropped 0.011 or 0.37% to 2.915 a pound, two days after reaching a yearlyhigh. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other.
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I recently spotted a
RS Gold shop to find that stuff pretty cheap!
And you can go and see
http://www.rsgoldfast.com/
The Wall