Spot gold hits record at $1,477.96/oz, silver at 31-year high
SINGAPORE |
SINGAPORE (Reuters) - Spot gold rose to a record high of $1,477.96 an ounce on Friday, after the dollar index .DXY fell to its lowest since August 2008.
Spot silver hit a 31-year high of $42.41 an ounce, tracking strength in gold.
(Reporting by Rujun Shen; Editing by Ed Lane)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (2)
BaxterBentley wrote:
In the short term, I expect the S&P to drop, possibly on the order of 3-4%, while precious metals should maintain strong upwards momentum.
http://baxterbentley.blogspot.com
minipaws wrote:
You rob a bank of $10k you go to jail, but if you borrow $500k and don’t pay it back (bankruptcy) nothing happens. No wonder the Fed is printing money to bail out the banks. DUH!
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters