24
November
Gold Extends Record To $1171 As Dollar Dips (GoldCore Quoted)
24 November 2009 Wall Street Journal
Gold futures have resumed their record run as comments from the Federal Reserve put the dollar under pressure and investors bought the metal as a greenback alternative.
In recent trading, benchmark December gold was up $22.70 at $1,169.50 an ounce after reaching a most-active record of $1,171 on the Comex division of the New York Mercantile Exchange.
...
In addition to the lower dollar, geopolitical concerns about Iran are also helping gold as a haven, a GoldCore note said.
