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    gold investing

    Gold rises on weak dollar after Fed meet minutes

    Investing News Network
    Oct. 13, 2010 02:22PM PST
    Precious Metals Investing

    On Wednesday, Gold strengthened, supported by weakness in the dollar, after the minutes of a Federal Reserve meeting showed monetary easing might be needed soon, while palladium rose to its highest level in a week.

    On Wednesday, Gold strengthened, supported by weakness in the dollar, after the minutes of a Federal Reserve meeting showed monetary easing might be needed soon, while palladium rose to its highest level in a week.

    The press release is quoted as saying:

    Spot gold rose 0.4 percent to $1,355.45 an ounce by 0615 GMT (2:15 a.m. EDT), regaining ground lost in the previous session.

    Click here to access the entire press release

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