Auguries—Doubling Down
April 12, 2012
By Kevin Michael Grace

Gold was up (at press time) $44.90 (+2.8%) for the week to $1,676.60, and silver was up $0.68 (+2.1%) to $32.36. Fox Business attributed the gains to “Bill Dudley, the president of the New York Fed, signal[ing] that he is most likely in favour of providing additional [quantitative] easing as he gave a negative read on the economy.”

According to Dudley, “It is still too soon to conclude that we are out of the woods, as underlined by the March labour market release. To begin with, the economic data looked brighter at this point in 2010 and again in 2011, only to fade later in those years.”

Read more about gold prices and the junior resources market.