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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
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Gold price hits new record


Gold nears $US1830/oz as global economy takes a turn for the worse.

Niko Kloeten
Fri, 19 Aug 2011

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
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Gold price hits new record
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