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ElPrimero

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Surprise Surprise

posted on May 16, 2012 10:03PM

Gold rises as Fed hints of monetary stimulus

By Forexpros | Commodities News | May 17, 2012 12:28AM GMT |

Forexpros - Gold prices rose in early Asian trading on Thursday, erasing several sessions of declines on reports several Federal Reserve policymakers were willing to stimulate the U.S. economy via monetary easing measures should recovery wane.

On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded up 0.66% at USD1,546.75 a troy ounce.

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