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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Gold soars above $1,600 per ounce for first time

Gold soars above $1,600 per ounce for first time

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Raala


Equity Analytic
Equity Analytic

London: Gold jumped as high as $1,600.10 an ounce in early morning trading on the London Bullion Market

The price of gold surged on Monday above $1,600 per ounce for the first time in history, as investors bought the safe-haven metal amid deepening worries over the eurozone debt crisis.

Gold jumped as high as $1,600.10 an ounce in early morning trading on the London Bullion Market, as the precious metal extended its recent record-breaking surge which began on Friday.

Source: http://gulfnews.com/business/retail/gold-soars-above-1-600-per-ounce-for-first-time-1.839825

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

May decline around/after 2nd August, 2011.

Genting


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Academic wrote:May decline around/after 2nd August, 2011.

any particular reason? why 2nd August?

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Genting wrote:
Academic wrote:May decline around/after 2nd August, 2011.

any particular reason? why 2nd August?

Just google keywords: 2nd August, debt ceiling, US defaults and politics etc. you will realize.

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Gold soars above $1,600 per ounce for first time

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