THE PRICE OF GOLD has reached a new all-time high, with trades on the London Bullion Market earlier today valuing the metal at a massive $1,277.90 (that’s €977.21) an ounce. Silver was also up to $20.68, up over 0.5%. The price of Irish government 10-year bonds, meanwhile, reached a weekly high of 6.030% earlier, the highest since last week’s spike.
Commodities
# commodities - Tuesday 19 July, 2011
Gold prices continue surge as investors dump debt
Precious metals always do well when all else seems risky – and it’s more than double its price of five years ago.
# commodities - Monday 25 April, 2011
Gold and silver touch all-time highs as currencies slip
The old reliable precious metals reach record high values, driven by concerns that the US debt could reach its legal limit.
# commodities - Friday 24 September, 2010
Commodity markets enjoy golden moment at $1300/oz
The price of gold hits another record high as investors get itchy about stocks and stick for old reliables.
# commodities - Thursday 23 September, 2010
Forget gold: this season’s must-have commodity is cotton
Could the rising price of cotton mean the end of cheap clothes in Penneys? Well, probably not.
# commodities - Thursday 16 September, 2010
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