19
October
Gold May Advance on Speculation Federal Reserve to Boost Monetary Stimulus
19 October 2010 Bloomberg.com
Gold declined as the dollar rebounded, reducing investor demand for the precious metal as an alternative investment. Bullion for immediate delivery traded 0.3 percent lower at $1,365.07 an ounce at 2:34 p.m. Seoul time, about 1.6 percent away from the record $1,387.35 reached on Oct. 14. The metal has increased for the past five weeks.
