Gold Touches $1098 on Fed’s “Zero Stays” Decision
November 5, 2009 · Posted in Mining News · Comment
From Chris Mullen at GoldSeek.com…
Gold saw slight losses in Asia on Wednesday and then rose almost 1% to reach as high as $1095.25 by early trade in London.
The Gold Price then pulled back under $1090 around 08:00 EST and rose to a new all-time high of $1095.42 an ounce a little before noon.
Gold fell back off in the last couple of hours of trade, but ended with a new closing record, up 0.2%.
The Dollar Gold Price then shot to a new trading record of $1098 an ounce in after-hours access trade, shortly after the Federal Reserve said it will keep US rates at zero for an extended period. Read more
