21
September
Gold settles at record; silver comes off highs (GoldCore in Marketwatch)
21 September 2010 MarketWatch
Gold futures closed at record high Monday, climbing above $1,280 an ounce as investment demand for the precious metal showed no signs of abating.
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“More long-term market participants are nervous about the faltering economic recovery and the likely need for a new round of monetary and quantitative easing,” analysts at GoldCore said in a note.
“The Federal Reserve is likely to discuss and may signal a further round of quantitative easing at the FOMC meeting,” they said, adding that this could be the catalyst to propel gold past the $1,300 mark.
