AOL.com Video - Gold and Silver Prices Rise After Fed Action

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Gold and Silver Prices Rise After Fed Action

Description:Gold and silver prices shot up today after the Federal Reserve said its policy of easy money will last until late in 2014. That's longer than investors had been expecting. The markets had expected the Fed to begin raising interest rates sometime next year, not 2014. News of the extension in ultra-low interest rates sent gold and silver sharply higher. The price of gold jumped more than $40, a 2.2 percent gain and the biggest one-day increase so far this year. (1:36)

Source: IBTimesTV

Tags: ibtimestv , federal reserve , gold , metals