Gold hits record near $1,150/oz as dollar slips
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November 18, 2009, 4:25 pm
Filed under: DEBT, Dollar, dollar collapse, dollar dump, Economic Collapse, economic depression, Economy, gold, gold bubble, gold shortage, Great Depression, Greenback, hyperinflation, imf, Inflation, jim rogers, peak gold, Stock Market, US Economy, Wall Street
Filed under: DEBT, Dollar, dollar collapse, dollar dump, Economic Collapse, economic depression, Economy, gold, gold bubble, gold shortage, Great Depression, Greenback, hyperinflation, imf, Inflation, jim rogers, peak gold, Stock Market, US Economy, Wall Street
Gold hits record near $1,150/oz as dollar slips
Jan Harvey
Reuters
November 18, 2009
Gold hit a fresh record high near $1,150 an ounce on Wednesday, boosting precious metals across the board, as a dip in the dollar index added to momentum buying as prices broke through key technical resistance levels.
In non-U.S. dollar terms, gold also climbed, hitting multi-month highs when priced in the euro, sterling and the Australian dollar.
Spot gold hit a high of $1,147.45 and was at $1,146.05 an ounce at 0948 GMT, against $1,141.50 late in New York on Tuesday.
U.S. gold futures for December delivery on the COMEX division of the New York Mercantile Exchange also hit a record $1,148.10 and were later up $7.10 at $1,146.40 an ounce.
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