Gold Price Jumps After Fed Announcement

By Independent Living Bullion

Gold Price Jumps After Fed Announcement

As the deadline to raise the debt ceiling approaches, lawmakers continue their efforts to arrive at an agreement. The deadlock isn't all bad news, however, as gold investors saw prices increase recently after a Federal Reserve Bank official made comments suggesting that QE3, a bond-buying stimulus program that many perceive as having kept the economy afloat for the past year, may continue into the winter months. 

Gold Price Jumps After Fed Announcement

Historically, gold has always done well at times of economic uncertainty, and the continued congressional gridlock over government budgetary adjustments has only helped fuel the flame. Some suggest that the turmoil over monetary policy will lead to a significant rally for gold prices, prompting many investors to buy back in to the precious metal. 

Gold Price Jumps After Fed Announcement

Gold investments can be made through futures contracts or by buying coins or bullion directly. Independent Living Bullion, an online retailer of precious metals, offers free consultations on the prospects of investing in gold. More details about the programs offered by Independent Living Bullion are available at www.independentlivingbullion.com.