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Gold Hits Record High as Global Economic Uncertainty Continues

Posted By admin On August 19, 2011 @ 6:56 am In Featured Stories | Comments Disabled

Arirang [1]
August 19, 2011

The price of gold hit a record high on Friday, as investors are seeking safer assets amid deepening concerns over slowing economic growth and the outlook for euro zone banks.

Gold spot was up 2-and-a-half percent at 1,868 dollars 70 cents an ounce after peaking at 1,877 an ounce.

It is on track for its biggest one-month rise in nearly 12 years in August and is up 32 percent so far this year.


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URL to article: http://www.prisonplanet.com/gold-hits-record-high-as-global-economic-uncertainty-continues.html

URLs in this post:

[1] Arirang: http://www.arirang.co.kr/News/News_View.asp?nseq=119444&code=Ne4&category=3

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

[3] Gold hits record above $1,260 on safe haven demand: http://www.prisonplanet.com/gold-hits-record-above-1260-on-safe-haven-demand.html

[4] Gold retreats from record high above $1,900/oz: http://www.prisonplanet.com/gold-retreats-from-record-high-above-1900oz.html

[5] US gold hits record high $1,081.70/oz on IMF sale: http://www.prisonplanet.com/us-gold-hits-record-high-1081-70oz-on-imf-sale.html

[6] Gold Hits Record High Above $1320: http://www.prisonplanet.com/gold-hits-record-high-above-1320.html

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