Gold price hits new record
Gold nears $US1830/oz as global economy takes a turn for the worse.
Gold has reached a new all-time record high, approaching $US1830/oz as investors sought a safe haven from fresh economic woes.
The spot price for gold climbed 2% to hit an all-time high (not adjusted for inflation) of $US1,829.70/oz before easing back slightly, currently trading at about $US1824/oz.
New Zealand gold investors have also benefited from the falling Kiwi dollar, which boosts the price of gold in New Zealand dollar terms.
Niko Kloeten
Fri, 19 Aug 2011
Fri, 19 Aug 2011
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Gold price hits new record
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