Further Rate Cuts Push Gold Higher

U.S. Global Investors Weekly
"Combined demand for gold in China, Hong Kong and Taiwan increased by 23.5 percent last year, according to the World Gold Council. China has surpassed the United States as the world's second-largest consumer of gold.

Gold prices rallied at the end of the week as Fed Chairman Ben Bernanke hinted that further rate cuts are not out of the question." (2/15/08)

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: