Gold at renewed record high

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.

http://www.ft.com/cms/s/0/07dd617a-e8c5-11df-a383-00144feab49a,s01=1.html#axzz14PNfxfMs

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