IPFS News Link • Precious Metals
Gold price hits record high as dollar wanes
• AFPIn morning trading here, gold struck an all-time peak of 1,109.50 dollars an ounce as the euro rose to 1.50 dollars for the first time in two weeks.
Gold "established itself above the psychological (1,100-dollar) level this morning as ministers at the weekend G20 meeting pledged to maintain their fiscal stimulus measures," said James Moore, an analyst at TheBullionDesk.com.