Thursday, October 14, 2010

Gold hits record as Fed signal sinks dollar

Amanda Cooper and Jan Harvey
The Vancouver Sun
October 13, 2010
Gold surged to a record high at $1,367.65 an ounce on Wednesday and silver to a 30-year peak after the Federal Reserve signalled the U.S. economy may need extra stimulus, which hit the dollar.

Gold prices have rallied nearly 25 percent so far this year as investors turned to the metal as a haven from the effects of an increasingly loose monetary policy.
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