goldGold prices jumped to record highs Wednesday, a day after the Federal Reserve's latest policy meeting.

The price of bullion reached a new record of $1,294.95 an ounce, before slipping to $1,293.10 an ounce, Reuters reported.

The Fed's statement Tuesday that it is "prepared to provide additional accommodation if needed," was interpreted by some analysts as a willingness to engage in additional monetary stimulus.

Such stimulus could lower the value of the dollar, making gold a more attractive asset.

"We interpret this as a conditional easing bias," Credit Agricole analyst Robin Bhar told Reuters.

Increase your money and finance knowledge from home

Finding Stock Ideas

Learn to do your research and find investments.

View Course »

Investor’s Toolbox

Improve your investing savvy with the right financial toolset.

View Course »

Add a Comment

*0 / 3000 Character Maximum

8 Comments

Filter by:
scottee

The Fed needs to be audited and ended but first they need to put the dollar back on the gold standard to STOP the printing and dilution of our dollar.

September 22 2010 at 5:26 PM Report abuse rate up rate down Reply
Sonny

Keep those presses running.........hyperinflation is on the way.

September 22 2010 at 1:15 PM Report abuse +1 rate up rate down Reply
2 replies to Sonny's comment
itacurubi

There is no chance of hyperinflation.

September 22 2010 at 5:12 PM Report abuse rate up rate down Reply
scottee

I am hoping for deflation...

September 22 2010 at 5:26 PM Report abuse rate up rate down Reply
itacurubi

If you believe Obama caused the current economic situation, strongly consider striking anything that contains the words "economics" or "finance" from your list of potential careers.

September 22 2010 at 9:23 AM Report abuse -1 rate up rate down Reply
2 replies to itacurubi's comment
itacurubi

Again ... strike anything involving finance or economics.

September 22 2010 at 5:12 PM Report abuse +1 rate up rate down Reply
marine1942

When the Fed says it will do " anything " it signals the huge problem Obama has caused.

September 22 2010 at 8:47 AM Report abuse +5 rate up rate down Reply
1 reply to marine1942's comment
scottee

The Fed needs to be audited and ended. let the free markets decide interest rates, gold prices and stock prices...please!

September 22 2010 at 5:27 PM Report abuse rate up rate down Reply