Gold Investing News » Gold on a new all time high above $1,120/oz

Gold on a new all time high above $1,120/oz

November 12, 2009 @ 9:46 am In Gold Market News

On Thursday, Gold was above $1,120 per ounce, a record high for the second straight day. It was a new record for gold however, the dollar remained weak.

The news article is quoted as saying:

Improvements in the economic outlook also lent support to the precious metal. Gold is often seen as a hedge against energy price-led inflation.

Click here to access the entire press release ^[1]

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[1] Click here to access the entire press release: http://www.reuters.com/article/globalMarketsNews/idUSTRE5A80MQ20091112