Feds have injected another infusion of money...

Feds have now 2 times today pumped money into the markets to keep liquidity up.

The price of Gold has been rising this morning on the idea of a future rate cut from the FOMC. If the FOMC were to cut rates as a reflection that they fear a recession is possible (instead of always talking about inflation) then the value of the US dollar will fall. Gold becomes the safest place to hide in a recession.