gold stocks are lowered, as the U.S. dollar rallies
12/26/09 03:50
It is understood that yesterday’s Federal Reserve Open Market Committee had produced just a few surprises, and this came about as the Fed made only minor changes to its policy statement.
Chairman Ben Bernanke, as well as the Board of Governors, had all left the target range for the federal funds rate at zero to about a quarter of a percent. They also maintained the clause "extended period of time."
This was in reference to its intention which had been to keep interest rates at significantly low levels.
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