29
September
Gold Advances to Record for Fourth Day as Fed May Add to Monetary Easing
29 September 2010 Bloomberg.com
Gold fluctuated in London after climbing to a record for a fourth day on demand for an alternative to a weakening dollar. Silver reached the highest price since 1980.
The dollar was steady against the euro after falling to a five-month low on speculation the Federal Reserve will add to monetary easing to bolster the slowing U.S. economy. Gold held in exchange-traded products climbed the most in more than three months yesterday to an all-time high. Silver touched $22 an ounce.
