Wednesday, November 4, 2009

Gold Extends Run to Record Highs

Group 12:

The price of December gold futures continued to go up in Wednesdays’ early trading reaching record highs of $1,096.5an ounce, up $7.90 from its previous close, mainly due to Tuesday’s 200 tons purchase of gold by India’s central bank. This push in price has also come due to a long-term bull market and fears of inflation and a weaker dollar.

http://online.wsj.com/article/SB125734377038028007.html


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