Gold Advances Nearly 3%

Gold advanced 2.9 percent this month as equities fell after the International Monetary Fund cut its growth outlook and Federal Reserve policy makers said slowing foreign economies were a risk to U.S. expansion. Speculators added bullish gold bets for the first time in nine weeks in the week ended Oct. 14, U.S. Commodity Futures Trading Commission data show. Buying in India was strong this week, UBS AG said in a report yesterday.
This follows the latest Wholesale Direct Metals reviews of the gold industry, which show strong demand for the precious metal moving forward and into next year.

Fed Policy Causing Gold Prices to Spike

Gold prices are rising as investors bet that the U.S. Federal Reserve will keep rates at rock-bottom levels, even as the U.S. economy shows signs of improvement.  Gold for July delivery rose 1.3% last week to $1,337 a troy ounce on the Comex division of the New York Mercantile Exchange. It was the sixth weekly gain, the longest such streak since August 2011, when prices were pushing toward $1,900 an ounce.  The rally has been spurred by the Federal Reserve's commitment to keep interest rates near zero for as long as possible, as it tries to fuel a recovery that appears to have gained traction only recently. Higher interest rates tend to hurt prices for gold, which yields nothing and can cost money to hold.
The primary Wholesale Direct Metals complaint about Fed policy is that it's causing REAL inflation to increase 5 times what the government is claiming, meaning that the value of your dollars is losing value faster than your paper investments are gaining value.

Gold Jumps on Easy Money Annoucement by Fed

Gold jumped to a four-week high on Thursday as the dollar fell after the Federal Reserve said it remained committed to accommodative measures and low interest rates, while platinum rose as new hurdles emerged in settling South Africa’s mining strike.  The US central bank hinted at a slightly faster pace of interest rate increases starting next year, but lowered projections for the long-term target interest rate, sending the dollar to its lowest in three weeks.
Wholesale Direct Metals retains its bullish outlook on gold moving forward, as gold has clearly bounced off its lows and appears poised to make big gains.

Gold Rises as Dollar and Equities Fall

Gold rose more than 1 percent on Tuesday as the dollar and equity markets fell on signs the European Central Bank may not recur to more stimulus, while renewed tensions in Ukraine kept risk appetite subdued.  The metal gained further support after Iraq's central bank said it might buy more gold in the next few months, having bought 60 tonnes over the past two months.  Spot gold touched a two-week high of $1,314.43 an ounce in earlier trade and was up 1.2 percent at $1,311.83 by 1014 GMT.
Gold futures for June delivery gained 1.1 percent to $1,312.30 an ounce.
All of this falls in line with the latest Wholesale Direct Metals review of the international markets, which demonstrates why gold has huge upside moving forward.