5
November
Gold strikes record on Fed's move; palladium jumps
5 November 2010 Reuters
Gold hit another record around $1,394 an ounce on Friday before speculators cashed in, but a falling dollar blamed on the U.S. Federal Reserve's unpopular decision to buy more government bonds could still spur buying.
Investors awaited the release of monthly U.S. jobs report, which may show anemic jobs growth in October. The Fed's move was a little more than expected, but not enough to spook markets with worries about a worse-than-anticipated U.S. economic picture.
