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27 Jan

Gold Soars On Fed Comments 1-26

in commodities, gold, News, oil, siler, soybeans

Metal Futures--- Another big day for the precious metals today with gold futures closing higher by $24 dollars an ounce to close around 1,724. The bulls are in charge because they have the Federal Reserve is looking to keep rates very low for 3 years to come making gold and other hard assets to rise in the future. Look for gold to retest its summer highs of around 1,900 dollars with silver going higher as well. The buying in gold spurred the silver futures for March to climb another 55 cents to close around $33.55 an ounce in volatile trading.

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