Skip to content
Subscriber Only

Gold Rises to Record for Third Session on Bets Dollar to Slump

Gold rose to a record for the third straight session on speculation that government programs to stimulate the economy will erode the value of the dollar, boosting demand for the metal as an alternative investment.

The dollar approached a five-week low against the euro. The Federal Reserve may say at a meeting tomorrow that it’s considering more measures to keep borrowing costs low. Confidence among homebuilders in September held at the weakest level in more than a year, indicating the housing market remains depressed.