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Commodities Briefing - Categorized | Bullion/Gold, Currencies more

Gold marches higher

Posted on 30 October 2008

From Theglobeandmail.com: Gold hit a one-week high as the U.S. dollar weakened sharply Wednesday, and the precious metal stayed firm after the Federal Reserve cut U.S. interest rates, as markets had expected.

Gold’s rise came amid strength across the entire commodity sector as global markets welcomed the Fed’s recession-fighting rate cut. Silver and palladium, sometimes seen as industrial metals, also rallied as stocks kept rising….. Full Article: Source


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