New High For Gold Prices
Source: Agencies |
August 10, 2011, Wednesday
|
Print Edition
Print Edition
GOLD prices pushed to new heights yesterday as investors digested the possible consequences of the lowered United States credit rating and Europe's debt crisis.
Some investors view gold as a safer bet amid rising worries about debt levels of the major economies and tumbling stock markets. Its value, unlike that of a currency, doesn't hinge on whether countries can make their bond payments, or on the vigor of their economies.
In US midday trading, gold futures rose US$19.50, or 1 percent, to US$1,732.70 per ounce after setting a record of US$1,782.50 earlier yesterday.
The falling appeal of the US dollar and nervousness about flagging global growth have helped propel gold.
Some investors view gold as a safer bet amid rising worries about debt levels of the major economies and tumbling stock markets. Its value, unlike that of a currency, doesn't hinge on whether countries can make their bond payments, or on the vigor of their economies.
In US midday trading, gold futures rose US$19.50, or 1 percent, to US$1,732.70 per ounce after setting a record of US$1,782.50 earlier yesterday.
The falling appeal of the US dollar and nervousness about flagging global growth have helped propel gold.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
