The price of gold continued to trade in and around the $1,100 level, as traders digested news that the IMF were looking to sell 191 tonnes of gold on the open market. The surprise came late in the day though, as the Fed surprised the markets by announcing that they were raising the discount rate by 25bps to 0.75%

gold_2_19_2010

Gold & Silver

Commodity

Level

Change

GOLD

$1,106.93

+$5.85

SILVER

$15.92

+$0.16

Market News

  • The Dollar Index trade higher following the announcement from the Fed re discount rate changes
  • On the equity markets, Barrick Gold announced that they plan to spin off their African gold mines in to a spate publicly traded company
  • Iran say that the UN's nuclear warhead report is baseless

Major Economic News

TIME

MARKET DATA

1330

US CPI