Gold surges to record peak in international market
November 12, 2009 by Trend PK
Filed under World News
LONDON: The price of gold struck a record high near 1,119 dollars an ounce here on Wednesday on the back of a weak greenback, analysts said. On the London Bullion Market, gold rocketed as high as 1,118.88 dollars an ounce, as a falling US currency stimulated demand for the precious metal.
LONDON: The price of gold struck a record high near 1,119 dollars an ounce here on Wednesday on the back of a weak greenback, analysts said.
On the London Bullion Market, gold rocketed as high as 1,118.88 dollars an ounce, as a falling US currency stimulated demand for the precious metal.
“Gold prices continue their upward march, setting record highs as news flow remains supportive and the dollar weakens,” said Barclays Capital analyst Suki Cooper.
The European single currency climbed as high as 1.5048 dollars in intraday trade on Wednesday.
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