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Gold Price Rallies after US Fed Stimulus

Last night we saw a surge in the gold price as a result of Bernanke’s announcement that the US would continue printing money, also known as quantitative easing. This news filtered through to the global markets with the gold price seeing a £30 rise reaching £850 per ounce this morning.

gold price per ounce

 

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Gold Investors were very quick to react, with a surge in demand at Postal Bullion, and investors adding more gold to their investment portfolios ahead of what could be a strong end to the year for gold.