Gold Jumps to Record High

The gold bugs got a gift of a new record high price after the Federal Reserve again lowered interest rates Wednesday.

Bullion contracts for April delivery were jumping $15.90 to $942.20 an ounce in recent after-market trading on the Comex division of the New York Mercantile Exchange.

The floor session was closed by the time the Fed made the announcement that it would cut the cost of borrowing by half a percentage point to 3%, but that didn't stop investors from piling in to gold during the electronic trading period, a traditionally slower time in the trading day. ...