Federal Reserve Chairman Ben Bernanke signaled that the era of falling interest rates is over, at least for now. The reaction in the gold market was immediate. In a Bloomberg article, Jon Nadler from Kitco precious metals commented…
“Bernanke’s dollar-supportive words had a chilling and immediate effect,” Jon Nadler, an analyst at Kitco Minerals & Metals Inc., said in an e-mail. “It is possible that today will be recorded as the turning point for the dollar.”
