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Gold Futures Rise, Capping Third Straight Monthly Gain
Oct. 29, 2010 03:38PM PST
Precious Metals InvestingBloomberg.com reports that the Gold futures rose on speculation that the Federal Reserve will increase debt purchases.
Bloomberg.com reports that the Gold futures rose on speculation that the Federal Reserve will increase debt purchases.
The market news is quoted as saying:
Gold is up 3.7 percent this month while the dollar has sank 1.9 percent against a basket of six major currencies on bets that policy makers, meeting on Nov. 2-3, will announce another round of so-called quantitative easing to bolster the economy. The metal reached a record $1,388.10 an ounce on Oct. 14.
