Price of Gold
Oct 29 2009 The Irish Times
Investors regard gold as a safe-haven asset in uncertain financial times. They hope the precious metal can hold its value when most other financial assets - shares, currencies and property - may not. Earlier this month, gold breached the $1,000 per ounce price level – a key psychological threshold - and last week it set a record high against the dollar. The soaring gold price has mirrored the recent decline in the dollar as international concerns grow about the health of the US economy and questions are raised about the dollar’s future as the world’s major reserve currency.
http://www.irishtimes.com/newspaper/opinion/2009/1027/1224257488819.html
29
October
Price of Gold
Oct 29 2009 The Irish Times
Investors regard gold as a safe-haven asset in uncertain financial times. They hope the precious metal can hold its value when most other financial assets - shares, currencies and property - may not. Earlier this month, gold breached the $1,000 per ounce price level – a key psychological threshold - and last week it set a record high against the dollar. The soaring gold price has mirrored the recent decline in the dollar as international concerns grow about the health of the US economy and questions are raised about the dollar’s future as the world’s major reserve currency.
http://www.irishtimes.com/newspaper/opinion/2009/1027/1224257488819.html