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    gold investing

    Gold at record for sixth day; U.S. policy in focus

    Written by Investing News Network
    |
    Oct. 01, 2010 05:05PM PST

    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.

    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.

    Click here to access the entire press release

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