{"id":47334,"date":"2013-09-19T08:33:00","date_gmt":"2013-09-19T08:33:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-climb-more-than-4-silver-prices-soar-as-well\/47330\/"},"modified":"2013-09-19T08:33:00","modified_gmt":"2013-09-19T08:33:00","slug":"gold-prices-climb-more-than-4-silver-prices-soar-as-well","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-prices-climb-more-than-4-silver-prices-soar-as-well\/47334\/","title":{"rendered":"Gold Prices Climb More Than 4%, Silver Prices Soar As Well"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold Prices<\/a> soared during Asian trading hours on Thursday while U.S. dollar and yields on U.S. treasuries fell sharply after the <a href=\"http:\/\/www.knowfinance.com\/federal-reserve-system-fed\/\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a> surprised global investors on Wednesday by delaying tapering of its multi-billion dollar, bond purchase program. <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> prices have also risen sharply in early trading on Thursday.<\/p>\n<p><span id=\"more-47334\"><\/span><\/p>\n<p>At last check, gold futures for December delivery climbed 4.58% to $1,367.50 an ounce while spot gold was trading at $1,366.75.<\/p>\n<p>SPDR Gold Trust (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=GLD\" target=\"_blank\" rel=\"noopener\">NYSE: GLD<\/a>) edged down 0.20% to $131.90 in <a href=\"https:\/\/stockmarketwatch.com\/markets\/pre-market\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading.<\/p>\n<p>Silver futures leaped 6.38% to $22.94 an ounce.<\/p>\n<p>The Fed\u2019s two-day open market committee ended on Wednesday. After the meeting, the Fed\u2019s Chairman Ben Bernanke remained tight-lipped on the issue of narrowing down of economic stimulating measures, saying that it was \u201cnot on preset course\u201d. Earlier in June, Bernanke had hinted that tapering of the quantitative easing could begin from any of the remaining three FOMC\u2019s in 2013.<\/p>\n<p>The Fed\u2019s decision surprised the market. Investors had expected the Fed to cut its bond purchase program by $10 billion, to begin with.<\/p>\n<p>Speaking to Reuters over the Fed\u2019s decision, Dick Poon, general manager of refiner and dealer Heraeus Metals in Hong Kong said, \u201cIt&#8217;s quite surprising given what they have said before. That&#8217;s why there is a big impact on precious metals.\u201d<\/p>\n<p>\u201cBut I don&#8217;t see a strong rally as there is not much demand,\u201d added Poon.<\/p>\n<p>Ultra loose monetary policy (Record low <a href=\"https:\/\/thestockmarketwatch.com\/markets\/bonds\/today.aspx\">interest rates<\/a> along with rampant currency printing), keeps interest rates low as a result investors prefer non-interest bearing assets such as gold.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_popular_placeholder\" data-permalink=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-climb-more-than-4-silver-prices-soar-as-well\/47334\" data-title=\"Gold Prices Climb More Than 4%, Silver Prices Soar As Well\"><\/div>\n<p><script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130922054743js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> <\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/blackberry-to-cut-4500-jobs\/47384\"><br \/>\nBlackberry To Cut 4,500 Jobs<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/darden-q1-revenue-improves-but-results-miss-expectations\/47382\"><br \/>\nDarden Q1 Revenue Improves But Results Miss Expectations<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-lower-21\/47375\"><br \/>\nStocks End Lower<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/bullards-remarks-rattle-bullion-investors-gold-prices-plunge-more-than-2-silver-prices-down-about-5\/47373\"><br \/>\nBullard\u2019s Remarks Rattle Bullion Investors; Gold Prices Plunge More Than 2%, Silver Prices Down About 5%<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-swings-to-negative-territory\/47371\"><br \/>\nStocks Swings To Negative Territory<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-gains-as-panic-sell-off-halts\/47366\"><br \/>\nForex Market Update: Dollar Index Gains as Panic Sell-Off Halts<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-mixed-in-early-trade-2\/47363\"><br \/>\nStocks Mixed in Early Trade<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130922054743im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script--><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold Prices soared during Asian trading hours on Thursday while U.S. dollar and yields on U.S. treasuries fell sharply after [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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