Thu, 26 Jul 2012 17:40:37 GMT
Gold futures edge above $1600 on Wednesday
Gold
futures rocketed above $1600 per ounce during New York trading session, boosted
by Fed's speculation about another quantitative easing in order to stimulate
world's biggest economy. Gold futures climbed 1.8 per cent to $1,605.15, the
highest level since July 6. Moreover, other precious metals added in value. Silver
for September settlement jumped 1.5 per cent to $27.21 per ounce, while September
copper added 1 per