GOLD BREAKS ABOVE $900
January 14th, 2008Printing $911 intraday.
Via: Guardian:
Gold surged through the $900 barrier this morning, hitting a record high of $906.70 an ounce as investors continued to pile in to the precious metal. Platinum also reached a new record and silver hit a 27-year high.
Turmoil in world financial markets in recent months has heightened the appeal of gold and other precious metals as a safe haven investment. Speculators have also been buying on expectations that further cuts in US interest rates will push the dollar lower.
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