Why the Federal Reserve and Treasury should keep gold and bond yields at historically low levels

The Federal Reserve should continue to maintain its current $1,500-per-ounce gold and $1 million bond yields while keeping its gold yields low, a Treasury official said Wednesday.The Fed’s decision last week to keep its bond and gold rates near historically low highs is expected to be reviewed again next week, when a committee of five …

Why you can’t wear a pair of government gilt winter booties to the office

By PETER BIRKARDEN and MARK FERRARIAssociated PressWASHINGTON (AP) The United States is getting its first look at a gilt-blasted version of the government’s prized gold bullion.The U.S. Treasury Department says it plans to roll out the first official gilt boot at the Treasury Department, which oversees the government securities.The department plans to begin accepting bids …