6
October
Cash Gold, Futures Climb to Records; Silver Extends Rally to 30-Year High
6 October 2010 Bloomberg.com
Gold jumped to a record for a second day as the dollar declined, boosting demand for precious metals as alternative assets. Silver advanced to a 30-year high and platinum climbed to the highest price in more than four months.
Gold for immediate delivery climbed as much as 0.7 percent to a record $1,349.80 an ounce and traded at $1,348.55 at 2:01 p.m. in Seoul. Futures for December delivery gained to an all- time high of $1,351 an ounce on the Comex in New York. Spot silver extended gains to as high as $23.0688 an ounce, the highest price since September 1980, before trading at $23.0225, according to Bloomberg data.
