Sunday, December 14, 2008

Expected Interest Rate Cuts Should Push Gold Prices Higher

With most expecting the Federal Reserve to cut its benchmark bank-lending rate even further, many believe it's a good time to put some money into gold.

The reasoning is if interest rates are cut, it'll further weaken the U.S. dollar, causing gold to surge upward.

Last weak gold rose by 9.1 percent to $820.50 an ounce.

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