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Gold hits record above $1,260 on safe haven demand

Posted By admin On June 18, 2010 @ 10:08 am In Money Watch | Comments Disabled

Reuters [1]
Friday, June 18, 2010

Spot gold hit a record high above $1,260 an ounce on Friday as demand for bullion as a haven from sovereign and financial risk pushed the metal through technical resistance.

Spot gold hit a high of $1,260.20 an ounce and was bid at $1,258.85 an ounce at 1447 GMT, against $1,243.40 late on Thursday. U.S. gold futures for August delivery also hit a record $1,262.00, and were later up $12.00 at $1,260.60.

[2]


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[1] Reuters: http://sify.com/finance/gold-hits-record-above-1-260-on-safe-haven-demand-news-others-kgsuEhijgfd.html

[2] Image: http://infowars-shop.stores.yahoo.net/post4rioffe.html

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