Silver – iNVEZZ.com reported that following yesterday's news that the US Federal Reserve will taper its quantitative easing program to $55 billion per month, silver sank to $20.225, a five-week low.
Articles Tagged "quantitative easing"
Gold – Gold dropped for the third consecutive session today, falling $1.94, to $1,353.70 per ounce. Meanwhile, US gold futures sank $5, to $1,354 an ounce.
Silver – This morning, silver gained 0.24 percent, or $0.05, to trade at $20.82 an ounce.
Silver – Today, silver rose 1 percent, or $0.22, to trade at $22.03 per ounce. Earlier in the day, it hit $22.16, its highest price since October 31.
Worries about the Fed's stimulus cut, data out of China and emerging markets weighed on gold, silver, copper and oil prices this week.
The Australian Securities Exchange rose 1.9 points today, ending at 5,190 points. During January as a whole, the ASX fell 16.2 points, or 2.9 percent.
In keeping with European and global investment and pricing trends, the AIM sank today.
Silver – While silver initially moved upward after the Fed said it will be reducing its bond buying by an additional $10 billion per month, today it has taken a fairly precipitous fall.
Gold – Market watchers believe gold's price rise following news of the Fed's stimulus reduction may be due to tapering being priced into the market.
Silver – This morning, silver was up 0.7 percent, or $0.14, to $19.69 an ounce.