Gold surges amid Fed's announcement

Source: Bloomberg
© Scanpix/Reuters
Gold prices turned to a strong up-trend, as the Federal Reserve announced that it will not taper stimulus in September. Immediately after the Fed's decision gold futures jumped 4.1%. The current spot price is $1357.90 per ounce. Meanwhile, this year is going to be the first in 13 years, when gold prices can drop on the annual basis. Since April prices have already lost around 19%.
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