Gold at renewed record high

November 5, 2010

Gold prices hit a all-time high of nearly $1,400 per ounce on Friday as investors sought security in the wake of the Federal Reserve’s move to stimulate the US economy left the U.S. dollar weakened.

Traders said gold’s latest rise was set off by new demand from investors taking their first positions in the yellow metal.

In real terms, adjusted for inflation, gold prices are a still a long way from their high above $2,300 set in 1980.

The price of gold is up more than 26 per cent since January, outpacing virtually all other investment categories.,s01=1.html#axzz14PNfxfMs


Gold May Advance on Weaker Dollar, Fed Stimulus, Survey Shows

November 5, 2010

Gold may gain as a weakening dollar and additional debt purchases by the U.S. Federal Reserve boost demand for the precious metal, a survey found.

Ten of 15 traders, investors and analysts surveyed by Bloomberg, or 67 percent, said the metal will rise…

Read more at: