17.12.2008 - Gold jumps above $850 after Fed slashes US rate
From Guardian: Gold rallied above $850 an ounce on Tuesday after the Federal Reserve slashed U.S. interest rates to fight a global economic slowdown, bolstering bullion's appeal as a hedge against inflation. The U.S. Federal Reserve cut its target for overnight rates to a record low zero to 0.25 percent, and said it would employ "all available tools" to dispel a year-long recession..... Full Article: Source