June 19th, 2012

Gold futures may climb on speculation that the Federal Reserve will take more steps to boost economic growth and as a weaker dollar increased the appeal of the precious metal as an alternative investment.

The Fed begins a two-day meeting today amid prospects that policy makers will consider further monetary easing steps to sustain the U.S. economy. The dollar declined as much as 0.4 percent against a basket of currencies. Holdings in gold-backed exchange-traded products increased 6.1 metric tons to 2,399.72 tons, the biggest gain since March 29.

Continue reading »