3
November
Gold slips despite dollar, focus on Fed outcome
3 November 2010 Reuters
Gold inched down on Wednesday despite a weaker dollar as investors stayed on the sidelines before an expected U.S. Federal Reserve decision to pump hundreds of billions of dollars into the sluggish economy.
The outcome of the Fed meeting would be bullish for assets such as gold if the central bank commits to buying at least $500 billion in Treasuries over five months, as per expectations, but dealers are not ruling out surprises.
