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Gold At Record Prices Again
04/25/2011
Inflation fears have the dollar trading weaker; silver and gold are at or near new record prices; oil is rallying for the fourth consecutive day. The FOMC rate decision is scheduled for release on Wednesday--no change is expected. Right now, the futures market is pricing in about a 93% chance that the Fed keeps rates between 0% and 0.25% through August 9th, 2011. Currently, the Ten Year yield is at 3.38% (3.39% on Thursday) and the 2-10 yield spread is at 272bps, unchanged since Thursday morning.
