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Press Room

Quotes:

 
The Mike Fuljenz Metals Market Report

January 2012, Week 4 Edition

Gold is up nearly 10% year-to-date, while silver and platinum have risen almost twice as fast. Gold was the biggest winner on Wednesday, January 25, when it rose $77 within 24 hours. The biggest engine for gold's sudden increase came after the Federal Reserve's first-ever interest rate projection and inflation target rate, issued around noon on Wednesday. Gold is also rising because of the prospect that Iran and India may begin to exchange gold-for-oil, as a way around the global embargo against buying Iranian oil.