BBC: Gold price hits record at $1,500 an ounce

20 April 2011  BBC

BBC

The gold price has risen above $1,500 an ounce for the first time after concerns about global economic recovery lifted the metal's appeal as a haven.

In trading in Hong Kong, gold hit a record $1,500.70 an ounce, which traders said was mainly a response to Standard & Poor's downgrade of US debt.

Silver also touched a 31-year high of $44.34 an ounce.

http://www.bbc.co.uk/news/business-13139996