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    HomeNewsBusinessStocksGold, Silver lost its shine: Mecklai graph

    Gold, Silver lost its shine: Mecklai graph

    Mecklai graph of the day - Gold and silver witnessed a very sharp downfall after Fed Chairman Ben S. Bernanke affirmed that interest rates are likely to stay low at least through late 2014 without offering any indication that further monetary easing is under consideration.

    March 01, 2012 / 16:33 IST

    Mecklai graph of the day - Gold & Silver loose its shine

    Gold and silver witnessed a very sharp downfall after Fed Chairman Ben S. Bernanke affirmed that interest rates are likely to stay low at least through late 2014 without offering any indication that further monetary easing is under consideration. Both had rallied for 11 straight months due to European Debt Crisis, easy monetary stance by major central banks and inflationary pressure in the developing economies making it long due for a correction.

    Bernanke

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    first published: Mar 1, 2012 04:02 pm

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