| From Bloomberg: Gold rose for the second straight day on speculation that central banks will cut borrowing costs to ease a credit crunch, boosting demand for the metal as an alternative asset. Silver also gained.
Interest-rate futures show a 64 percent chance the Federal Reserve will reduce its benchmark rate by 50 basis points to 1.5 percent by Oct. 29, compared with a 42 percent chance yesterday. The European Central Bank has indicated that policy makers may cut rates from a seven-year high. Gold rallied to a record in March after the Fed slashed borrowing costs over seven months....Full Article: Source
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