Wednesday, September 16, 2009

Gold extends push past $1,000

The Financial Times:

Gold breached the $1,020 mark on Wednesday, closing in on the record price set last March as bullion was boosted by renewed dollar weakness and concerns about the outlook for inflation.

Gold rose 1.4 per cent to a high of $1,020.50 a troy ounce after settling at $1,005.90 at the end of Tuesday’s session in New York, its highest ever closing price.

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