Monday, November 20, 2017
 
 
News: Page (1) of 1 - 08/10/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Gold shoots past record $1,800 an ounce
Gold shoots past record $1,800 an ounce as investors continue to pour money into hard assets
By The Associated Press

The price of gold surpassed $1,800 an ounce Wednesday for the first time as investors pulled their money out of stocks and snapped up precious metals contracts.

Gold is fast becoming a favorite port in a storm of uncertainty. Investors are clinging to what they see as a hedge against volatile stock and currency markets.

December gold contracts backed off their highs, and traded around $1,785 an ounce during midday trading after reaching a record $1,801 an ounce earlier in the day on the New York Mercantile Exchange.



Gold prices have shot past a series of milestones over the past two years on an uninterrupted climb. Gold was trading at about $900 in the summer of 2008, before the financial crisis unfolded that year.

Resulting turmoil in currency and stock markets has burnished gold's luster.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines