Gold Leads the Way
Comex August gold futures fell to a fresh three-week low of $1,567.20 an ounce Thursday. The yellow-metal bulls have quickly faded following anemic assessments coming from the two largest economies in the world, the U.S. and China.
Most of the marketplace was disappointed with the results of the U.S. Federal Reserve's Federal Open Market Committee meeting Wednesday. While most expected the Operation Twist, the U.S. securities-buying operation, would be extended. The significantly more downbeat assessment of the U.S. economy from the Fed was a surprise that sent fresh shudders through the commodity futures markets....240 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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