Gold Prices Soar as Feds Continue Quantitative Easing

Gold futures up 4.6 percent


Gold bugs were called back into action Thursday as the market digests the fact the Federal Reserve didn't scale back quantitative easing as widely expected.

The price of gold futures for December trading on New York's Comex rose 4.6% to $1,367.70 on Thursday, the metal's biggest gain since 2009, says Bloomberg News. Gold for immediate delivery trading in London added 0.3% to $1,368.01, after jumping 4.1% on Wednesday, the biggest one-day leap since June 1, 2012.