Oxford, MS 8/31/2011 (PennyPayDay) – Gold rose in New York, capping the biggest monthly gain since November 2009, on speculation that the Federal Reserve will take more action to spur growth.Minutes released yesterday from the Fed’s meeting earlier this month showed some policy makers favored more aggressive action to stimulate growth. The Dow Jones Industrial Average rose as much as 1.3 percent to the highest in almost four weeks, erasing its 2011 loss. Gold is up 12 percent this month after touching an all-time high of $1,917.90 an ounce on Aug. 23.
“Equities are reasserting themselves, but in the backdrop, traders know the Fed is going to do something to stimulate the economy, so sell-offs in gold are being bought,” Adam Klopfenstein, a strategist at MF Global in Chicago, said in a telephone interview.
Gold futures for December delivery rose $1.90, or 0.1 percent, to settle at $1,831.70 at 1:56 p.m. on the Comex. The most-active contract has risen 29 percent this year.
Earlier, the price dropped as much as 0.9 percent as equities rallied. Gold surged in August on mounting speculation that the U.S. economic recovery will falter and as the Federal Reserve pledged to keep borrowing costs at a record low until mid-2013. This month, the metal also reached records in euros and British pounds amid Europe’s sovereign-debt crisis.
“With stocks rallying, there’s just an excuse for investors to take profits on gold,” Frank McGhee, the head dealer at Integrated Brokerage Services in Chicago, said in a telephone interview.
Silver futures for December delivery rose 30.4 cents, or 0.7 percent, to $41.768 an ounce on the Comex, capping a 4.1 percent gain in August.
On the New York Mercantile Exchange, platinum futures for October delivery climbed $3.10, or 0.2 percent, to $1,856.20 an ounce. Palladium futures for December delivery gained $11.15, or 1.4 percent, to $790.45 an ounce.
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Northern, WI 8/30/2011 (PennyPayDay) -- The following are newswire headlines about the August FOMC minutes: 
Northern, WI 8/30/2011 (PennyPayDay) -- Forces loyal to deposed Libyan ruler Muammar Gaddafi, holed up in the city of Sirte, have been given a four-day deadline to surrender or face military action.
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Tomahawk, WI 8/29/2011 (PennyPayDay) – AuRico Gold announced that it will acquire Northgate Minerals for C$1.46 billion ($1.48 billion) to create a new intermediate gold producer.
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Northern, WI 8/25/2011 (PennyPayDay) – New York City's new Collaborative Arts Middle School had a challenge this year, the school's first -- and Propell Corporation (OTC:PROP) had a unique solution. The challenge was how to create and deliver a brand new uniform to a brand new student body, without requiring cash outlay by the school, or staff time. PROP is also under an e-mail promotion campaign initiated this morning by a third party investor. As I write, shares of PROP were up 14 percent at $0.12 per share on heavy volume of nearly 640,000 shares.
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