USAGOLD News and Views » Blog Archive » Gold Rises on European-Debt Concerns, Bets Fed Will Add to U.S. Stimulus

1-800-869-5115
We welcome your inquiry.

USAGOLD Coins

USAGOLD Menu BAR

Video Round Table

Video Round Tables

Breaking Gold News

daily gold price

major market indices and prices

annual gold price

»
T
W
I
T
T
E
R

&

I
N
D
E
X
«

Gold Rises on European-Debt Concerns, Bets Fed Will Add to U.S. Stimulus

Sep 20th, 2011 09:04 by News

20-Sep (Bloomberg) — Gold futures rose as European debt concerns and prospects for more steps by the Federal Reserve to bolster the U.S. economy spurred demand for the precious metal as an alternative investment.

Standard & Poor’s cut Italy’s credit rating yesterday, adding to concern that Europe’s fiscal crisis will raise borrowing costs for countries in the region. Fed officials begin a two-day meeting today and may decide to replace some of the short-term Treasuries in its $1.65 trillion portfolio with longer-maturity debt in a bid to lower borrowing costs, according to economists.

“The Fed may announce some stimulus measures today,” Graham Leighton, a director of metals at Newedge USA LLC in New York, said in a telephone interview. “The long-term bullish story for gold remains intact.”

PG View: The FOMC statement actually won’t come out until tomorrow as the meeting was expanded to an extra day.

Author key: MK - Michael J. Kosares; GC - George Cooper; PG - Peter A. Grant; JK - Jonathan Kosares; RS - Randal Strauss. [see also 12 yrs of Discussion Archives]

The opinions posted by all guests at this forum are expressly their own and do not necessarily represent the views of the management or staff of USAGOLD - Centennial Precious Metals. The hosting of this forum shall therefore not be construed as equivalent to endorsement by USAGOLD - Centennial Precious Metals of any of the opinions posted here.

Permission to reprint is hereby granted where the USAGOLD name is cited along with our web address, mailing address and phone number. For electronic reproductions, citing the post heading and the http://www.usagold.com/cpmforum/ website address as the source is sufficient.

usagold logo
P.O. Box 460009
Denver, Colorado 80246-0009

1-800-869-5115 (US)
00-800-8720-8720 (EU)

303-399-6759 (Fax)

admin@usagold.com

Office Hours
6:00am - 5:00pm
(U.S. Mountain Time)
Monday - Friday

American Numismatic Association
Member since 1975

Industry Council for Tangible Assets

USAGOLD Centennial Precious Metals is a BBB Accredited Business. Click for the BBB Business Review of this Gold, Silver & Platinum Dealers in Denver CO

Zero Complaints

Monday May 21
website support: sitemaster@usagold.com
Site Map - Privacy- Disclaimer
The USAGOLD logo and stylized gold coin pile are trademarks of Michael J. Kosares.
© 1997-2012 Michael J. Kosares / USAGOLD All Rights Reserved