Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Commodities: Gold hits record high

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Sharecast
March 24, 2011

Turmoil in the Middle East drove strong gains for oil and gold on Wednesday as allied forces continue to enforce a no-fly zone in Libya.

Crude for May delivery, the new front-month contract, rose 78 cents to $105.75 a barrel on the New York Mercantile Exchange as investors continue to worry about a shortfall in supplies.

Meanwhile gold for April delivery rose $10.40 to a record $1,438 an ounce on the Comex division of the Nymex.

Demand for gold is being driven by continued unrest in the Middle East and North Africa, Japan’s crisis and fears about rising inflation.

The yellow metal is traditionally considered as one of the best hedges against inflation.

Stock up with Fresh Food that lasts with eFoodsDirect (AD)

Commodities: Gold hits record high  101210banner4

This article was posted: Thursday, March 24, 2011 at 4:53 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Al Sharpton: Mob Rat For The FBI See the rest on the Alex Jones YouTube channel.

Epic Fail: New Yorkers Disobey New Gun Laws See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.