RTFA: http://news.bbc.co.uk/2/hi/business/7294040.stm

The price of gold reached a record, trading at 1,000 an ounce for the first time, pushed higher by a weak US dollar and fears about the US economy.

Concerns about a possible US recession are seeing investors buy up commodities such as gold as an alternative to company shares and the US dollar.

Since the beginning of the year the value of gold has increased by about 20%, after it rose 32% in 2007.

 

Trackbacks

(Trackback URL)

close Reblog this comment
blog comments powered by Disqus