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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.99

+0.3%

Nov 11 4:00 PM EST

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To: long-gone who wrote (35175)	6/11/1999 3:09:00 PM
From: Ahda	Read Replies (3) of 116753

Friday June 11, 1:51 pm Eastern Time Fed declines to comment on hedge fund rumors WASHINGTON, June 11 (Reuters) - The Federal Reserve declined to comment on rumors that swept through New York financial markets on Friday about an emergency Fed meeting to deal with a troubled hedge fund. ''As a matter of policy, we don't respond to rumors,'' a Fed spokesman said in response to a question about a possible meeting dealing with a hedge fund. Prices for bellwether 30-year U.S. Treasury bonds were down sharply at midday by 23/32 of a point to yield 6.12 percent, partly because of a rumored Fed meeting about a bailout for a hedge fund, according to Wall Street traders.

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