Gold futures head toward $1,100, hitting records

Date: Wed, 04 Nov 2009 12:01:01 -0500

Gold futures head toward $1,100, hitting records

Gold surges to record highs above $1,096 an ounce, as the dollar drops and
buyers pile onto the metal's recent rise.

CRUDE RISES ON PETROLEUM REPORT, UPBEAT DATA

Crude futures extend gains after government data show surprising declines in
U.S. crude and gasoline inventories last week as demand moves higher.

DOLLAR LOWER AHEAD OF FED MEETING

The U.S. dollar declines versus the euro and other major currencies as
investors show renewed appetite for equities and risky assets.

U.S. STOCK MARKET LOOKS FOR FED TO MAINTAIN FOCUS

The U.S. stock market is wagering the Federal Reserve will continue its
fixation on repairing the country's financial infrastructure and keeping the
recovery on track when the central bank issues its latest take on the economy.