6
October
Gold hits fresh record high on dollar, stimulus hope
6 October 2010 Reuters
Gold pushed to a fresh record high just below the key $1,350 level on Wednesday, riding on dollar weakness and market anticipation that the U.S. Federal Reserve may ease policy to stimulate economic growth.
Spot gold rose as high as $1,349.80 ounce earlier in the day, its eighth record in the past two weeks, before easing to $1,347.50 by 0555 GMT (1:55 a.m. EDT).
