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Price Of Gold At All-Time High
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by Annina Bergman | October 6, 2009 at 09:36 am
276 views | 25 Recommendations | 2 comments
The price of gold keeps on rising and has hit an all-time high of $1,040.15 per ounce after the dollar loses some of its value. The last time gold hit a new high, 1,032.80, was in March 2008.
Gold and other metals have become increasingly popular among investors as the dollar continues to struggle. Copper prices have also gone up, costing over $6,000 per tonne. Shares in mining firms went up as the value of gold and copper rose.
Gold prices generally see a rise during October-November, with Christmas and Diwali increase the demand for jewellery.
Other precious metals also saw their prices rise on Tuesday, with silver up 3% to $17.11 an ounce, and platinum adding 0.9% to $1,305 an ounce. The price of copper was up 2.4% to $6,060 a tonne.
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Mary Richard
Toronto, Canada
Hugh Askew
Omaha, Nebraska, United States
Susan Marie Kovalinsky
Ledgewood, New Jersey, United States
Anonymous user
Most RecentMost Recommended Comments (2)
at 02:13 on October 7th, 2009
I think now gold price will never decrease so much because of fast growing rate of each country. As we know Gold is also a metal as other metals but due to some special qualities of Gold its so Valuable.