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Precious Metals Rally After Release Of FOMC Minutes
Posted April 9th, 2014

TANGIBLE INVESTMENTS - Los Angeles - by James O'Dell - Precious metals prices rallied on Wednesday, immediately following the release of the minutes from the March 18-19 policy meeting of the Federal Open Market Committee (FOMC). Gold climbed to $1,314.10 an ounce and silver jumped to $19.94 an ounce as the precious metals reversed earlier losses. The minutes revealed that Fed policymakers were unanimous in their decision to remove the thresholds they had been using in their policy tightening.
 
"All members judged that ... it was appropriate to replace the existing quantitative thresholds at this meeting," read the minutes. "Almost all members judged that the new language should be qualitative in nature and should indicate that, in determining how long to maintain the current (low) federal funds rate, the Committee would assess progress, both realized and expected, toward its objectives of maximum employment and 2 percent inflation." Now the Fed has no unemployment or inflation thresholds to meet, and has promised to wait a "considerable time" after the central bank's quantitative easing (QE) program ends before raising interest rates, which is bullish for gold.
 
Meanwhile, the Ukrainian crisis has become extremely volatile, as authorities in Kiev have vowed to end the occupation of government buildings by pro-Russian protestors in Eastern Ukraine, by negotiation or by force, within the next 48 hours. "A resolution to this crisis will be found within the next 48 hours," said Interior Minister, Arsen Avakov, as he spoke of the eastern cities of Luhansk and Donetsk where protesters continue their occupation of government buildings.
 
Russia warned Ukraine authorities earlier against using force to control pro-Russian protestors, much like they did before Crimea was annexed last month. With thousands of Russian troops massed on the Ukraine border, NATO says an incursion into Ukraine could be mobilized within hours. Talks between Russia, Ukraine, and the West were announced for next week as all nations seek to defuse the crisis.
 
It's important to protect your hard earned wealth during these times of economic uncertainty, and at Tangible Investments (learn about us here), it doesn't matter whether you're new to precious metals or a seasoned veteran, you will always be dealing with top industry experts. Take a moment and browse our vast selection of valuable collectibles, then call Toll Free 1.800.741.5014 today and let the helpful staff at Tangible Investments assist you in your next purchase or sale. Have you claimed your FREE COIN yet?



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