Gold Prices Melt Further After Fed Statement
Posted on October 24, 2012 at 17:15 PM EDT
Gold prices continued melting Wednesday after the Federal Open Market Committee said nothing new in sticking with its easy monetary policy. Spot gold prices fell 0.35% to $1702.70 an ounce. PowerShares DB U.S. Dollar Index Bullish (UUP), measuring the greenback against a basket of major foreign currencies, was unchanged at 21.91. "Any move below $1,700 an ounce for gold will be temporary and remains an excellent buying opportunity," said Peter