Gold Settles Above $1,317 as Traders Weigh Fed Comments
Gold prices rallied to settle at record highs on Friday for the sixth straight day as comments from Federal Reserve officials and U.S. data reinforced expectations of further monetary easing.
The dollar fell to a six-month low versus the euro after New York Fed President William Dudley said more Fed action to boost growth will likely be needed if the economic outlook doesn't improve; data showing U.S. manufacturing growth slowed and inflation remained subdued in August aided the case for more monetary policy easing.
Link:
http://www.cnbc.com/id/39449960
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