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<Commodity>US Rate Cut Galvanizes Silver to Record High; Gold Rebounds
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Gold prices rebounded evidently, reversing the previous downtrend, after the Federal Reserve announced a quarter-point rate cut. Spot gold last gained US$20.6 or 0.5% to US$4,228.84 per ounce. Gold futures for February delivery sagged US$11.5 or 0.3% to US$4,224.7 per ounce. Silver prices notched a historical high. Silver futures for March delivery grew 0.3% to US$61.029 per ounce. AASTOCKS Financial News Website: www.aastocks.com |
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