1f73 Gold steamrolls back through key $1,600 level for biggest rally in months - Blanchard and Company, Inc.
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Gold steamrolls back through key $1,600 level for biggest rally in months

February 26, 2013

Bullion price jumps 1.8% as Fed chief defends stimulus program in Senate testimony

Gold's biggest rally in months stretched into a second day on Tuesday after the U.S. Federal Reserve chief defended the stimulus program that has stoked gold buying on inflation worries, but oil fell on concern about Italy's elections. ...

Gold jumped 1.8 percent for its sharpest one-day gain since Nov. 6. In Monday's session, it rose nearly 1 percent for its
biggest advance since Oct. 1.

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