28
April
Gold hits fresh high as US dollar falls to three-year low
28 April 2011 24h Gold
Gold climbed to a fresh high of more than $1,532 an ounce after US Federal Reserve chairman Ben Bernanke effectively ruled out an early interest rate rise, sending the US dollar skidding to three-year lows.
On Wednesday Bernanke used his first ever live press conference to warn the US deficit is "not sustainable" and pledged to keep US interest rates low in order to keep the country's tentative economic recovery on track.
http://www.guardian.co.uk/business/2011/apr/28/gold-hits-fresh-highs-us-dollar
