gold prices predictions week january 30 2012

gold prices predictions week january 30 2012 : Gold traders are bullish for a fourth consecutive week, betting that the Federal Reserve's pledge to keep interest rates low until late 2014 will extend the metal's best start to a year in more than three decades.

Nine of 15 surveyed by Bloomberg expect prices to gain next week. The value of gold held in exchange-traded products jumped $3.9 billion on Jan. 25, the most since October, as the central bank laid the groundwork for a possible third round of asset purchases, data compiled by Bloomberg show. Lower interest rates increase the appeal of bullion because it generally earns investors returns only through price gains

Gold rose 9.9 percent to $1,720.65 an ounce this month by yesterday, the best start to a year since 1980 and rebounding from the first quarterly decline in three years. Bullion is beating the 3.1 percent advance in the Standard & Poor's GSCI Total Return Index of 24 commodities and the 6 percent gain in the MSCI All-Country World Index of equities. Treasuries lost 0.2 percent, a Bank of America Corp. index shows For the latest updates on the stock market, visit Stock Market Today

gold prices jan 30 2012, gold price forecast january 30 2012, gold price prediction february 2012, gold prices next week jan 30 2012, how high gold prices february 2012, weekly gold prices januar 30 - 4 february 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today

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