8
November
Gold hits record before slipping; dollar outlook eyed
8 November 2010 Reuters
Gold hit a fresh record above $1,398 an ounce on Monday before a rebound in the dollar caused prices to retrace, though short-term sentiment remains upbeat.
A move by the U.S. Fed last week announcing plans to buy $600 billion in Treasurys and expected comments on currency imbalances from a leadership summit this week of the group of 20 nations meeting in Seoul,South Korea, have highlighted gold's appeal as a safe haven.
