Equities Gain ; The metal fell 23 percent to $1,291.27 an ounce in London this year

Equities Gain ; The metal fell 23 percent to $1,291.27 an ounce in London this year. It rose 9.4 percent since falling to $1,180.50 on June 28, reaching $1,300.88 on July 17. The Standard & Poor’s GSCI gauge of 24 commodities added 0.8 percent since the start of January and the MSCI All-Country World Index of equities gained 9.7 percent. Treasuries lost 2.6 percent, a Bank of America Corp. index shows. 

Gold reached a record $1,921.15 in September 2011 as the U.S. central bank, which is buying $85 billion of bonds a month, led nations in cutting interest rates and purchasing debt. The Fed could keep buying bonds for longer if “financial conditions -- which have tightened recently -- were judged to be insufficiently accommodative to allow us to attain our mandated objectives,” Bernanke said two days ago.

Gold traders are bullish for a fourth week

Gold traders are bullish for a fourth week, the longest run since the bear market began in April, as Federal Reserve Chairman Ben S. Bernanke said he’ll maintain stimulus if growth misses expectations. Gold is heading for the first annual drop in 13 years after some investors lost faith in the metal as a store of value. The Fed chairman said last week the U.S. still needs stimulus, after saying on June 19 that bond buying could slow if the economy improves. Bullion’s plunge to a 34-month low spurred demand for jewelry and coins, and demand from China is “incredibly strong,” Standard Chartered Plc said.

Click Here!

Gold futures rose, capping the second straight weekly gain

Gold futures rose, capping the second straight weekly gain, as Federal Reserve Chairman Ben S. Bernanke signaled that the pace of U.S. monetary stimulus probably will be maintained. Gold soared 70 percent from the end of December 2008 to June 2011 as the Fed kept borrowing costs at a record low and bought $2.3 trillion of bonds in two rounds of so-called quantitative easing. The metal climbed 1.3 percent this week. Gold futures for December delivery rose 0.7 percent to settle at $1,294 an ounce at 1:44 p.m. on the Comex in New York, the highest settlement since June 19. Last week, the metal jumped 5.4 percent, the most since October 2011.

Metal Gold price JUMPs High 1 month after break above $1,300/oz

Spot gold was up 1.7 percent at $1,317.74 an ounce at 1213 GMT, while U.S. gold futures for August delivery were up $24.90 an ounce at $1,317.80.Gold hit its highest in a month on Monday as a retreat in the dollar pushed prices through tough resistance at $1,300 an ounce and as fears abated that the U.S. Federal Reserve will soon curb monetary easing. 

Buying gathered momentum after prices beat chart resistance at $1,300 an ounce, a level they repeatedly tried and failed to break in the last month. That took gold to a peak of $1,322.50, its highest since June 20. Analysts have slashed their 2013 gold and silver price forecasts after sharp falls earlier this year and expect them to remain weak in 2014 as the United States reins in monetary stimulus, a Reuters poll showed on Monday.