- Prison Planet.com - http://www.prisonplanet.com -
Gold hits new record above £1,265 an ounce
Posted By admin On June 21, 2010 @ 4:16 am In Money Watch | Comments Disabled
June 21, 2010
Gold prices climbed to a new record here on Monday, breaching 1,265 dollars an ounce as investors flocked to the safe-haven metal amid eurozone debt crisis concerns.
In morning trading on the London Bullion Market, gold soared as high as 1,265.30 dollars.
“Gold has reached a new all-time high,” said Commerzbank analyst Carsten Fritsch
“This precious metal is profiting from its status as a ‘safe haven’ and is likely to remain in strong demand as long as doubts persist about the chances of successfully resolving the debt crisis in Europe.
“Investors are therefore still trying to protect their investments with gold.”
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/gold-hits-new-record-above-1265-an-ounce.html
URLs in this post:
 Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502
 Gold hits record high in Asian trade: http://www.prisonplanet.com/gold-hits-record-high-in-asian-trade.html
 Gold hits record high past $1,160 per ounce: http://www.prisonplanet.com/gold-hits-record-high-past-1160-per-ounce.html
 Gold hits record high $1,180 per ounce: http://www.prisonplanet.com/gold-hits-record-high-1180-per-ounce.html
 Gold hits record on euro, silver jumps to 31-year top: http://www.prisonplanet.com/gold-hits-record-on-euro-silver-jumps-to-31-year-top.html
 Gold soars above $1,600 per ounce for first time: http://www.prisonplanet.com/gold-soars-above-1600-per-ounce-for-first-time.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.