Summary Box: Gold continues record-setting pace

AP News
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Posted: Oct 14, 2010 4:17 PM
Summary Box: Gold continues record-setting pace

ANOTHER RECORD: Gold continued its record-setting pace as investors sought a haven until they learn what the Federal Reserve plans to do about the economy.

EYES ON FED: The Fed is expected to announce next month a decision on whether to implement new stimulus measures. It's expected to buy government bonds, which would cut interest rates. That would make gold and other currencies where interest rates are higher more attractive than the dollar.

MIXED BAG: Energy prices fell while grains were mixed.