18.12.2008 - US rate move sparks gold's surge to $870
From FT: Gold prices surged yesterday as the dollar fell sharply in response to the Federal Reserve's decision on Tuesday to cut the main US policy interest rate to a historic low in a range between zero and 0.25 per cent. Gold rose 1.6 per cent to $870 a troy ounce, moving between a low of $848.50 and a peak of $881.20, the highest level since October 10 when bullion touched $931..... Full Article: Source