GOLD gold futures
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fed to begin quantitative easing today

  1. BH!
    2,521 Posts.
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    25/03/09
    21:48
    Post #: 4944145
    Historic day - mark it down on your calendars.

    Will be very interesting to see how gold reacts during the next few weeks:-
    NEW YORK—The Federal Reserve Bank of New York today released a tentative operation schedule for its purchases of longer-dated Treasury securities through April 3, 2009, and frequently asked questions (FAQs) about the purchases.

    The first outright Treasury coupon purchase will be conducted on Wednesday, March 25, 2009, and will settle Thursday, March 26, 2009. Results will be posted on the New York Fed’s website following the operation.

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