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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.

Gold hits record above $1,260 on safe haven demand 140410banner4 [2]

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URLs in this post:

[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

[3] Greeks Turn Savings To Gold And Perth Mint Silver Coin Sales Surge To Record On Safe Haven Demand: http://www.prisonplanet.com/greeks-turn-savings-to-gold-and-perth-mint-silver-coin-sales-surge-to-record-on-safe-haven-demand.html

[4] Gold rallies 2 pct on haven buying, hits euro high: http://www.prisonplanet.com/gold-rallies-2-pct-on-haven-buying-hits-euro-high.html

[5] Gold hits new record high for third day: http://www.prisonplanet.com/gold-hits-new-record-high-for-third-day.html

[6] Gold hits record near $1,150/oz as dollar slips: http://www.prisonplanet.com/gold-hits-record-near-1150oz-as-dollar-slips.html

[7] Gold Hits Record High as Global Economic Uncertainty Continues: http://www.prisonplanet.com/gold-hits-record-high-as-global-economic-uncertainty-continues.html

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