Gold: Fresh Record High
December 6th, 2010Warning: This is not a recommendation to buy, sell or hold any financial instrument.
Intraday break higher out of previous range.
Via: Bloomberg:
Gold futures jumped to a record $1,429.40 an ounce on concern the U.S. will pump more cash into the economy and Europe’s debt woes will spread, boosting the appeal of the metal as an alternative to currencies.
Federal Reserve Chairman Ben S. Bernanke said the central bank may boost Treasury purchases. European officials were split on containing the sovereign-debt crisis. Gold priced in euros and U.K. pounds also rose to records, and silver futures extended a rally to a 30-year high.
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