Gold futures rose to record levels, after the close of electronic trading. The possibility of additional financial stimulus to trigger a transition metal.
Gold for August delivery rose U.S. $ 4.60, or 0.3%, to U.S. $ 1,567.40 an ounce in electronic trading on the New York Mercantile Exchange. Gold had previously been at a record $ 1,562.30 an ounce.
The latest minutes of the Fed meeting showed that the monetary committee are divided over the next few steps to try to encourage economic progress. Some said that the Fed may have to switch to a more stimulative policy, if the unemployment rate is down significantly and inflation returned to a relatively low level.
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