goldGold prices jumped in early Tuesday trading in advance of a Federal Reserve meeting and U.S. elections before leveling off and finishing the day slightly higher than Monday's levels.

Gold futures for December rose 0.5% from Monday to $1356.80 an ounce at 4:40 p.m. Eastern time, after touching in intraday high of $1,357.10.

Precious metal prices have been rising all year as investors look for a safe haven amid fears of currency volatility. Gold is perceived as a safe investment as countries look to boost economy by using monetary policy to increase liquidity and cut borrowing costs.

Prices rose today as a Federal Reserve meeting began. Analysts expect the U.S. Central Bank to put more money into the economy. Tuesday's advance was moderate, however, possibly because of already historically high prices.

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abbasingha

the sad thing is they are trying to keep people from saving???? instead lets go out and borrow on air like they are dong and continue to support their (FEDS) FAT GREEDY ASS, How about this.... If you are going to fake us out and try to bring our sorry heads to the finacial gilotene just mail every US citizen 50,000.00 tax free and see how that gets the economy going . It would be cheaper than trying to control us into suicide

November 02 2010 at 5:59 PM Report abuse rate up rate down Reply