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'gold stocks are lowered, as the U.S. dollar rallies' gold prices

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gold stocks are lowered, as the U.S. dollar rallies

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12/19/09 18:47
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gold stocks are lowered, as the U.S. dollar rallies

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.

Link: Gold Price Plunges U.S. Dollar Rally Sends Gold Stocks

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