Dollar, Gold | featured news

Tapping a popular idea to restore confidence in the dollar, the Republican Party is expected to call for a commission to look at the idea of returning the U.S. to the gold standard. To make that happen, they're going to have to find a lot more gold.

South Korea's move to buy gold for the first time in 13 years is the latest in a growing trend of central banks diversifying their reserves and reducing dependence on the U.S. dollar.

Gold futures barrel to a new record high above $1,100 an ounce, as news that the U.S. unemployment rate topped 10.2% in October boost expectations the Federal Reserve will keep interest rates near zero well into next year, pressuring the dollar.

Shares rose ahead of the start of earnings season, and the value of the dollar skidded as investors fretted over a report that crude oil could one day be priced in other currencies.