Gold hits record high above $1,050

Thu Oct 8, 2009 3:23am BST
 
Email | Print | | Single Page
[-] Text [+]

TOKYO (Reuters) - Gold hit record highs on the spot and futures markets on Thursday, marking historic peaks for the third straight session on continued weakness in the dollar.

Spot gold rose as high as $1,050.55 per ounce as of 2:18 a.m. British time. U.S. gold futures were at $1,051.60.

Investors have been flocking to the precious metal due to fears the dollar may weaken further.

(Reporting by Miho Yoshikawa; Editing by Clarence Fernandez)

 
Pedestrians walk in the Canary Wharf business district of London January 19, 2009.   REUTERS/Stephen Hird
Business faces lower returns

Companies should adopt a more cautious approach to business even if it means accepting lower profits, the Confederation of British Industry says.  Full Article | Related Story 

Photo

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos