6
December
Silver Rises to 30-Year High on Gold Ratio, Bernanke's Comment
6 December 2010 Business Week
Gold fluctuated near a record in London on concern the U.S. economy may need more stimulus and as the dollar strengthened. Silver advanced to a 30-year high.
The dollar climbed against the euro as European officials voiced divisions over the steps needed to stop the sovereign- debt crisis. Federal Reserve Chairman Ben S. Bernanke said the central bank may boost Treasury purchases to prop up the economy. Gold, which usually moves inversely to the dollar, traded within 1 percent of a record $1,424.60 an ounce set on Nov. 9.
