April 7, 2010

Gold At 12 Week Highs

June gold closed up 17 dollars at 1,153, the highest in twelve weeks, after Federal Reserve minutes showed a continued commitment to keeping the federal funds rate low. There is also talk that Europeans are turning to gold to hedge their currency losses.

The gold ETF, SPDR Gold Trust (ETF) (Public, NYSE:GLD) closed at 112.49, rallying 1.31%.

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