Gold Instantly Juts Lower After Fed Announcement

Bernanke is probably happy with the market’s reaction to the FOMC rate decision.

Stocks are saying strong, Dow up 131.

And gold has instantly jutted lower.

So you could think, perhaps, that this means that there’s a modest amount of disappointment that there weren’t any QE3 hints.

But the fact that the stock market is holding up undermines that a little.

chart

Photo: KITCO

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

gold moneygame-us