Gold continued its record-breaking climb, reaching a new high of $1,300 an ounce.
Futures for December hit $1,301.30, before slipping to $1,299.40 an ounce on Globex.
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“Diversification and physical demand will continue to provide upside momentum,” said James Moore, an analyst at TheBullionDesk.com, in a research note.
Gold surged earlier in the week after Federal Reserve Chairman…
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Gold Prices Reach New High Above $1,300 an Ounce originally appeared on DailyFinance on Fri, 24 Sep 2010 07:13:00.
Filed Under: Investing, Currency, Market News