Will GDP Data Save Metals From the Fed?

It looked as if news of a potential slowdown in the Federal Reserve's quantitative easing program was going to spook Wall Street into a major stock market correction, but a downward revision in GDP growth seems to have assuaged those fears. Unfortunately for the gold bugs, both the SPDR Gold Trust (NYSEMKT: GLD  ) and the gold miners -- including Barrick Gold (NYSE: ABX  ) , Newmont Mining (NYSE: NEM  ) , and Gold Fields (NYSE: GFI  ) -- got hammered on the GDP news.

In the following video, Fool.com contributor Doug Ehrman discusses recent developments in the precious-metals markets and what direction things are likely to go from here.

Gold has outshined the stock market with strong returns since 2000 but more recently has given way to big declines. The Motley Fool's new free report, "The Best Way to Play Gold Right Now," dissects the recent volatility and provides a guide for gold investing. Click here to read the full report today!


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  • Report this Comment On June 30, 2013, at 11:40 PM, techy46 wrote:

    FUD about the world's cenral banks and economies will save gold. The FED's create $6-12 trillion in stimulus and the US economy is barely growing. The world's banks have created $20-30 trillion and the world's economies are barely growing. If and when they put enough ink on paper inflation will drive gold back up to $2000 ounce and maybe beyond.

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