2
November
Gold May Advance on Weaker Dollar as Fed Meets; Silver Near 30-Year High
2 November 2010 Bloomberg.com
Gold advanced as weakness in the dollar increased the appeal of precious metals as alternative investments. Silver traded near a 30-year high.
Immediate-delivery gold climbed 0.2 percent to $1,355.90 an ounce at 5:13 p.m. in Seoul. It reached an all-time high of $1,387.35 on Oct. 14. Cash silver advanced as much as 0.7 percent to $24.8484 an ounce after yesterday rising to more than $25 for the first time since 1980.
