Fed Rate Cut Jolts Gold, Oil, Stocks

by Jim Zarroli, NPR

The price of gold hit a 28-year high, topping $800 an ounce, after the Federal Reserve decided to cut interest rates by a quarter point. It was the second cut by the Fed this year. The move to spark the economy comes as the price of a barrel of oil broaches $100.

Broadcast Dates

• Morning Edition, November 1, 2007