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News Link • Precious Metals

Gold at new record on wobbly dollar, stocks weak

The price of gold surged to an all-time high point above 1,123 dollars per ounce here on Thursday, as trade was driven by buoyant stock markets and the weak US currency, analysts said.

On the London Bullion Market, gold jumped as high as 1,123.38 dollars an ounce.

"The metal remained supported by stronger equities and the weaker dollar," said James Moore, analyst at specialist metals website

1 Comments in Response to

Comment by Powell Gammill
Entered on:

And the London and NY markets are hard at work driving the price down to $1,105. Sell, sell, sell!  Take profit and invest your new dollars elsewhere like US bonds, eh?

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