Gold rallies 6% as Fed's plan fuels inflation worries

Posted on March 19, 2009 at 08:02 AM EDT

Gold futures rally more than 6% Thursday to above $940 an ounce on expectation that the Federal Reserveâ€™s plan to buy $300 billion in longer-term Treasurys may stir inflation, raising goldâ€™s appeal as a hedge against rising prices.

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