Mon, Jun 21, 2021
A A A
Welcome vaishu
RSS

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

Gold hits new record spot: $1813.80

Posted on 12 August 2011

Gold struck yet another all-time high of $1813.80 early this morning (Thursday), marking an 18% gain in just over a month. The acceleration in gains in the gold price underscores just how nervous the financial markets are of the recent run of events both and more recently with regards to stability in Spain, Italy and now France.
The knock-on effects of the downgrading of US debt by the rating agencies from its coveted AAA level have less than many had feared with equity markets taking much of the brunt. The effect is likely to be most pronounced amongst the main creditors, who, after the Fed itself, are China, Japan and the UK……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
June 2021
S M T W T F S
« Nov    
 12345
6789101112
13141516171819
20212223242526
27282930