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 Surprise Move by Central Banks Boosts Gold says Pan American Metals of Miami- Surprise Move by Central Banks Boosts Gold says Pan American Metals of Miami
- November 30, 2011
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Five central banks join with Federal Reserve to reduce interest rates.
MIAMI, FL - News broke this morning of a concerted move by five major central banks plus the Federal Reserve to reduce the cost of borrowing dollars. The Bank of England, Bank of Canada, Bank of Japan, Bank of Switzerland, the European Central Bank and the US Federal Reserve launched a coordinated action aimed at restoring confidence in the markets and averting an insolvency crisis for Italy.
The result was a sharp fall in the dollar and a sharp rise in equities, including precious metals. T...
- View more at: http://www.1888pressrelease.com/surprise-move-by-central-banks-boosts-gold-says-pan-american-pr-354721.html
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