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The price of gold has touched a new all-time high as the precious metal becomes increasingly attractive compared with the weakening dollar. Gold rose by almost $12 to hit $1,107.2 an ounce, compared with $1,095.7 at the previous close. Full Article at BBC News
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G old GC-FT rose on Friday, boosted by the prospect of central banks buying the precious metal to diversify their reserves and as the market waited for key economic data from the United State. Full Article at Globe and Mail
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Markets opened higher Wednesday as the price of gold rose to a new record and oil prices followed higher. Full Article at Vancouver Sun
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Strength in gold returned as questions about health in US financial sectors triggered selloff in USD and uncertainty in stock market. On Monday, the benchmark contract for gold rose to an intra-day high of 1063.4 before closing at 1054, +1.3%. Full Article at International Business Times
Related Quotes
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People are focusing on pent up demand for gold from central banks in emerging markets ... The central bank community for the first time in 20 years is possibly going to be a net buyer of gold having been a net seller since 1988 ... Today the market will also focus on the U.S. jobs data and how the dolla...
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The U.S. growth data was encouraging which, in turn, lends strength for gold to climb further
SOURCE: Bloomberg.com -
We've seen some physical buying today. If the dollar continues to recover, there will be pressure on the topside
SOURCE: Economic Times -
Demand is emerging as prices have come back to the stable level we have seen in the last two months. Marriage-related buying is there, but people who postponed buying earlier are buying more
SOURCE: Economic Times
