09Jan

Some Central Banks Are Buying Gold For The First Time In Years

After a brief dip on Tuesday, gold prices are back on the rise on Wednesday, helped by a more dovish Federal Reserve and a weaker U.S. dollar. The gold market is now consolidating, as market watchers have been expecting for quite some time. Metals analysts are now looking for a breakout for gold prices above $1,300 with support from a somewhat unexpected place.

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Author

Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses.

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