Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Friday 03rd of September 2010
Thursday, November 25, 2004

Gold high on dollar losses

Story link: Gold high on dollar losses
by Brian Turner
Gold high on dollar losses

As the dollar continues to devalue, with little sign of correction from Washington, the price of gold has reached a 16-year high.

Gold reached over $452 a troy ounce, it’s highest rate for two decades, as investors sought to stabilise reserves with what is otherwise seen as a safe investment in the face of foreign exchante rate uncertainties.

 

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