"Policy makers seemed to be trying to diminish concerns about currency wars," said Steven Englander, head of Group of 10 currency strategy at Citigroup in New York, according to Bloomberg. "There did not seem any commitment to change behavior, however. There is little to suggest that the dollar's direction is anything but down."
A falling dollar means bullish days ahead for precious metals futures, as commodity futures brokers price in the impact of cheaper currencies.
On the Comex futures exchange in New York, gold climbed 0.7 percent to close at $1,354.40 per troy ounce. Though that's not the highest intraday price gold has ever reached, it is a closing record.
"The bullish case for gold is still intact, and people will come in and buy on the dips," Frank Lesh, a trader in Chicago, told Bloomberg News. "You've got the specter of more Fed easing and economic uncertainty to support the gold market."
Silver futures also gained, rising 1.1 percent to close at $23.349 per troy ounce.
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