Gold Luring Central-Bank Buyers May Extend Rally in Price

Gold Luring Central-Bank Buyers May Extend Rally in Price

Junko Kimura/Bloomberg

Gold prices reached a record 14 times this month on demand from investors seeking an alternative to the dollar after the currency slumped to the lowest since 2009, U.S. debt widened, and the Federal Reserve signaled April 27 that borrowing costs will remain near zero percent for an extended period.