NEW YORK ( TheStreet) -- Gold futures and shares of gold-mining companies took a sharp turn higher Wednesday after the Federal Reserve surprised the market by announcing a continuation of bond purchases, currently at $85 billion a month.The Market Vectors Gold Miners ETF (GDX), which tracks shares of gold miners, climbed almost 9%, while the widely followed SPDR Gold ETF (GLD), which is backed by physical gold, gained more than 4.3%, its largest one-day increase since 2012.
Gold Miners Still Trying to Dig Out
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