Gold Breaks Through USD1,200/oz
Gold has hit another all-time high today, breaking through USD1,200/oz for the first time ever, as the dollar resumes it's downwards spiral.
Fund buying has helped drive the yellow metal to new highs, after briefly slumping to around USD1,140/oz late last week on profit-taking and a bought of the Dubai Jitters.
As fears over Dubai World defaults ease, and we enter a new month, the funds are back in. Will it be the ags turn this afternoon?
Fund buying has helped drive the yellow metal to new highs, after briefly slumping to around USD1,140/oz late last week on profit-taking and a bought of the Dubai Jitters.
As fears over Dubai World defaults ease, and we enter a new month, the funds are back in. Will it be the ags turn this afternoon?