Gold Set for Biggest Rise in Three Months After Fed

Notable Quotes

"GCU keeps coming up with great results." (2/22/12) Gold Canyon Resources Inc. - The Gold Report Interview with James West More >

"We wouldn't be surprised if SUE has 5 Moz by the end of the year." (2/22/12) Sulliden Gold Corp. - The Gold Report Interview with Carlos Andres More >

"REX is a really low-risk play with a high-potential reward." (2/20/12) Orex Minerals Inc. - The Gold Report Interview with Greg McCoach More >

"IB's beryllium-related composites could be a game-changer." (2/21/12) IBC Advanced Alloys Corp. - The Critical Metals Report Interview with James Passin More >

"We believe PVG remains a strong takeout candidate." (2/17/12) Pretium Resources Inc. - Ash Guglani, Salman Partners More >

"SUE is rapidly derisking its 100%-owned Shahuindo project." (2/17/12) Sulliden Gold Corp. - Gary Baschuk, Raymond James More >

"NES has had continually impressive drill results from Ana Paula." (2/17/12) Newstrike Capital Inc. - Morning Coffee More >

"QRE has one of the largest undeveloped niobium deposits in the world." (2/17/12) Quantum Rare Earth Developments Corp. - Jeb Handwerger, Gold Stock Trades More >

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Gold Set for Biggest Rise in Three Months After Fed

Source: Reuters, Jan Harvey��(1/27/12)

"The Federal Reserve signaled its ultra-loose monetary policy would continue, keeping the dollar under pressure and the opportunity cost of holding bullion low."

Reuters, Jan Harvey

Gold rose on Friday, heading for its best weekly performance since late October after the Federal Reserve signaled its ultra-loose monetary policy would continue, keeping the dollar under pressure and the opportunity cost of holding bullion low.

Silver and platinum prices were also on course for their best monthly performances in nine months and nearly four years respectively in January, tracking gains in gold, stocks and other commodities.

Spot gold was up 0.5% at $1,727.81/oz at 1500 GMT and has risen 10% this month, recouping December's hefty losses. It is up 4.2% this week alone, its biggest one-week gain since the week ending October 30. . .View Full Article