Gold Roars Toward $5,400 as Dollar Wobbles, Schiff Warns of Crisis Bigger Than 2008
Gold jumped 4% to near $5,400 an ounce after the Federal Reserve left rates unchanged Wednesday. The dollar fell sharply, lifting demand for safe-haven metals. Silver rose 3.3% to $116.69 an ounce. Analysts warned the rally may be overextended, with some predicting a near-term correction.