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An employee of the Korea Exchange Bank counts one hundred U.S. dollar banknotes at the bank's headquarters in Seoul, August 11, 2011. REUTERS/Jo Yong-Hak

Corporate cash-hoarding continues

Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports.  Read more at Counterparties 

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Gold tops $1,900/oz to new record on world economic woes

1 of 2. The logo of a gold jewellery shop is seen in Bucharest August 19, 2011.

Credit: Reuters/Bogdan Cristel

SYDNEY | Mon Aug 22, 2011 7:43pm EDT

SYDNEY (Reuters) - Gold extended its rally in early trading on Tuesday, surpassing $1,900 an ounce for the first time amid persistent concerns over the global economy.

At 2303 GMT, spot gold was fetching $1,906.89 an ounce, after rising as high as $1,912.09, according to Reuters data.

U.S. gold futures for December delivery were fetching $1,912.90 an ounce after settling up $39.70 at $1,891.90 on Monday.

(Reporting by James Regan; Editing by Ed Davies)
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