Spot Gold Prices Firm Up
Aug.31, 2010
NEW YORK (TheStreet) — Spot gold prices were rising Tuesday afternoon as risk appetite fell along with the release of FOMC minutes from its August meeting that kept the key fed funds rate unaltered, and almost at zero.
The FOMC minutes also revealed mixed opinions about the outcome of reinvesting proceeds from agency debt and mortgage-backed securities into long-term Treasuries amid the presence of weak economic indicators.
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Originally from TheStreet


