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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold tops $975 on demand for store of value; silver also climbs

Posted on 18 February 2009

From Bloomberg: Gold jumped to more than $975 an ounce, the highest price since July, on speculation that low interest rates and government spending will devalue currencies, boosting the appeal of precious metals as a store of value. Silver and platinum also rose.

Gold priced in euros and pounds reached records today as equities worldwide slumped on concern that the global recession may deepen….. Full Article: Source


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VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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