Gold surges to record, biggest daily gain since 09

Precious Metals

Reuters reports that Gold prices surged 3 percent to an all-time high late in New York session on Thursday, the biggest one-day rise since early 2009.

Reuters reports that Gold prices surged 3 percent to an all-time high late in New York session on Thursday, the biggest one-day rise since early 2009.

The market news is quoted as saying:

The inverse link between gold and the dollar strengthened after the Fed announcement, Reuters data showed, with the hourly correlation between the two tightened to peak at a negative 0.66 on Thursday

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