CAPITAL MARKETS

Gold hits all-time high

IN the wake of the downgrade by Standard & Poor’s of the US long-term credit rating and the plunge in US dollar, gold has unsurprisingly surged to fresh all-time highs in today’s trade. However, the same could not be said for base metals.

MiningNews.Net
Gold hits all-time high

Spot gold has soared almost 2% to a record $US1693.75 an ounce in today’s trade on the back of safe-haven demand for the precious metal, while gold futures for December delivery jumped 2.2% to $1687.80/oz....

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