Gold Rises on Cyprus Crisis, FOMC Statement - Precious Metals Market Update 03.21.13

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Gold prices rose as the EU prepared to ban Cyprus from the euro zone if it failed to raise the billions required for a bailout. Investors were also encouraged by the recent FOMC statement affirming the Fed's commitment to quantitate easing. We discuss this and the War of 1812 quarter—ounce gold bullion coin.

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