Gold rises to 6-week high on FED rate vow
1/26/2012 11:34:39 AM
SINGAPORE: Gold jumped to its strongest in more than a month in choppy trade on Thursday after a promise by the U.S. Federal Reserve to keep rock-bottom rates for at least two more years helped burnish the metal's safe-haven appeal.
Fed Chairman Ben Bernanke said the U.S. central bank was ready to offer the economy additional stimulus after it announced it would likely keep interest rates near zero until at least late 2014.
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