Wednesday 7 October 2009

Gold hits fresh record high

Telegraph
"The gold price hit a record high for a second consecutive day on Wednesday, touching $1,048.20 an ounce in intraday trading as concerns about the prospects for the dollar and inflationary fears grew. The US dollar has been weakening after a period of quantitative easing and as the country's debt balloons."
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Miners shine as gold hits record (Daily Mail)
"Yesterday, as glittering gold soared to a record price of $1,040, or £666 an ounce, on the back of further dollar weakness and hedge buying, any company whose performance is heavily reliant on the very precious metal gave a sparkling performance."

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