Gold Rises on U.S. Stimulus Bets, Pending Home-Sales Drop

Gold market update for Wednesday, March 27th. Comments from NY Fed President Dudley suggest the central bank will continue an “accommodative” policy despite signs an economic recovery is afoot. While gold has rallied above $1600 in recent days, it is set for its first 2 quarter loss (Q4 2012, Q1 2013) since 2001. Read more…