Gold Price Hits Record $1,600July 19, 2011 1:32 am
We spotted this today:
“The price of gold jumped above $1,600 (£1,000) an ounce for the first time as debt worries in the US and Europe continued to trouble investors.
The precious metal rose $12.30 to settle at $1,602 an ounce in London trading Monday.
Monday was the 10th straight day of gains for gold, a record breaking rally.
Gold is considered a safe investment and usually gains at times of global economic uncertainty.”
Statistics Source: BBC.