Gold moved further into record territory above $1,000 per ounce and the euro hit fresh highs against the dollar on Friday after more bad news on the troubled US economy, traders said.The dollar also tumbled below one Swiss franc for the first time after US investment giant Bear Stearns said it was receiving emergency funding [...]

Continue reading...

U.S. gold futures rallied to a record high of $1,000 an ounce on Thursday, fueled by a combination of a weakening dollar, strong investment demand and inflation fears due to rising crude oil prices.
Read more: http://news.yahoo.com/s/nm/20080313/bs_nm/markets_gold_…

Send post as PDF to

Sphere: Related ContentIf you enjoyed this post, make sure you subscribe to my RSS [...]

Continue reading...

Gold gained nearly one per cent yesterday as a struggling dollar and firm oil prices prompted investors and speculators to build fresh trading positions.The metal rose to $980.30/$981.00 an ounce by 1408 GMT from $971.00/$971.80 late in New York on Tuesday, when it fell to a low of $964.35 on a dollar rally after global [...]

Continue reading...

Gold futures closed with strong gains, after hitting $995.20 an ounce Wednesday, boosted by ongoing investment flows into commodities, a rally in crude oil and dollar weakness.
Gold for April delivery rallied $22.20 to end at $988.50 an ounce on the New York Mercantile Exchange. Earlier it surged to a record high of $995.20 an ounce.
Silver [...]

Continue reading...