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Gold steady as easing hopes and weak dollar support
Oct. 04, 2010 08:49AM PST
Precious Metals InvestingOn Monday, spot gold was steady after hitting record highs for six consecutive days on continued expectations of more monetary policy easing by the U.S. Federal Reserve and related dollar weakness.
On Monday, spot gold was steady after hitting record highs for six consecutive days on continued expectations of more monetary policy easing by the U.S. Federal Reserve and related dollar weakness.
The press release is quoted as saying:
Spot gold gained $1.05 at $1,316.65 an ounce by 11:34 p.m. ET, after hitting a new record of $1,320.80 on Friday.
