23
September
Gold near 18-month high on dollar, stokes sell-off fear
23 September 2009 Reuters
Gold turned lower on Wednesday as a stronger dollar dampened the metal's status as a hedge against the falling U.S. currency, even though the U.S. Federal Reserve said it would keep key interest rates at record lows.
The Federal Reserve Open Market Committee (FOMC) upgraded its assessment of the U.S. economy, saying activity had picked up after a severe downturn. This should provide a favorable environment for the commodities sector.
http://www.reuters.com/article/hotStocksNews/idUSTRE58K2XR20090923
