Economics
Gold Futures Rise to Another Record as Dollar Extends Slump
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Gold futures climbed to another record on investor demand for an alternative to the slumping dollar. Silver extended a rally to a 30-year high.
The dollar fell to the lowest level since January against a basket of currencies, partly on speculation that the Federal Reserve will ease monetary policy further to stimulate the U.S. economy. Gold reached an all-time high of $1,322 an ounce. Since Sept. 14, the metal has climbed to a record in 11 sessions.