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Gold at record for sixth day; U.S. policy in focus
Oct. 01, 2010 05:05PM PST
Precious Metals InvestingOn Friday, Gold hit record highs for a sixth successive session as the dollar fell to a six-month low against the euro, with expectations for further U.S. monetary easing driving strong demand for the precious metal.
On Friday, Gold hit record highs for a sixth successive session as the dollar fell to a six-month low against the euro, with expectations for further U.S. monetary easing driving strong demand for the precious metal.
The press release is quoted as saying:
Spot gold touched a peak of $1,317.80 and was bid at $1,315.50 an ounce at 1248 GMT, against $1,305.25 late in New York on Thursday. U.S. gold futures for December delivery rose $7.20 to $1,316.80.
