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

Gold hits record high in Asian trade

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

AFP
May 12, 2010

HONG KONG — Gold hit a record high of 1,235.50 US dollars an ounce by midday in Hong Kong Wednesday, as investors sought a safe-haven over deepening concerns about the eurozone debt crisis.

The precious metal closed in Asia on Tuesday at 1,209.00 dollars but later climbed as high as 1,224.82 dollars an ounce in European trade.

Analysts said the commodity was likely to maintain its safe haven role while other markets remained vulnerable.

It opened at 1,229.00, just up from a previous record of 1,226.56 dollars for the metal set on December 3 last year.

“The response of the central banks and the IMF to the southern European mess is almost guaranteed to ensure continued volatility in world markets,” said Capital Spreads analyst Simon Denham.

Full article here

Gold hits record high in Asian trade 150410banner7

This article was posted: Wednesday, May 12, 2010 at 4:05 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
What They're Not Telling You About Race Riots See the rest on the Alex Jones YouTube channel.

Did Obama Order National Guard to Stand Down in Ferguson? 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.