Gold – Reuters reported that frustration with the Fed's decision to extend Operation Twist caused gold to drop nearly 4 percent this week.
Articles Tagged "Operation Twist"
Gold – Gold prices contracted for the biggest one-day decline this month after the Federal Reserve failed to commit to more aggressive monetary stimulus. Prices declined about 3.4 percent over the week, with spot market gold prices trading in the range of $1,566.60 per troy ounce.
Silver – The markets were hit hard today as the Federal Reserve announcement of ‘Operation Twist’ rattled investors. The main fear is that the global economy may be moving towards another recession. Silver Investing News spoke with Jamie Greenough, Investment Advisor for Global Securities Corp. about the silver market in the wake of the recent Fed actions.
Zinc – As the biggest consumer of refined zinc, news of China’s declining industrial output has pushed zinc prices lower on fears of the consequences for the global economic recovery.
World stocks took a hit on Thursday following the Fed's announcement of Operation Twist and unfavorable economic data from the Eurozone.