Filed under: Major Movement, Commodities, Financial Crisis, Currency
Gold prices have marched to a new high of $1,422.45 per troy ounce in London. This marks the fourth day of the gold rally.
The Wall Street Journal (subscription required) cited that the prime mover was continued worry over European sovereign debt defaults.Traders and investors are riding the bull higher and higher. To help the gold along, the U.S. dollar is weaker, sparking a rally in key commodities like oil and grains. Cotton is also up again.
Continue reading Gold Climbs to Yet Another Record High
Gold Climbs to Yet Another Record High originally appeared on BloggingStocks on Tue, 09 Nov 2010 11:00:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
The gold market exploded Thursday with the December contract up $45.50 to $1,383.10 per ounce, as reported in the 
When you make a prediction, why be squeamish? Meet Shayne McGuire, a 44-year-old fund manager from Texas who runs a $330 million gold portfolio at the Teacher Retirement System of Texas. He predicts gold will reach $10,000 per ounce, 
