The uncertain economy, high unemployment and soaring gold prices are luring droves of dreamers to the gold fields. But while few prospectors will hit paydirt, the biggest beneficiaries of the new gold rush will be the merchant…
Gold prices reached a record high today as the Bank of Japan cut interest rates and many countries indicated that they may boost currency liquidity, Reuters reported.
Continue reading Gold Reaches a Record $1,3…
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.
“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…
Continue reading Gold Prices Reach New High Above $1,300 an Ounce
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