Gold prices inched higher to 1692.45 this morning slowly moving towards the 1700.00 price level, as Bank of Japan doubled its inflation target to 2% and made an open‐ended commitment to buy assets, going against expectations that called for only an incremental increase to its US$1.1 trillion buying program. On currency front, the euro traded on a strong note, supported by reports that German investor confidence readings increased to their highest level in 2 1/2 years in January.Continue Reading
January 23, 2013 6:42 (GMT) | By FX Empire Analyst - Barry Norman
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