2
December
Gold hits new record high
2 December 2009 Yahoo News
Gold rose back above $1,200 per ounce again overnight in Asia as investors sought refuge from a weak dollar and Dubai's woes.
Spot gold traded at nearly $1,208 per ounce in Tokyo after closing at $1,196 in New York last night. Further out, three month futures were as high as $1,211 as traders forecast continued demand for the metal from investors spooked by the problems in Dubai and unease about the sluggish US economy and dollar.
Concerns over the dollar have been heightened by mixed economic data recently at a time when the US economy had been expected to be pulling out of recession. One of the key US economic indicators, non-farm payrolls figures are due on Friday.
http://uk.finance.yahoo.com/news/gold-hits-new-record-high-digilook-56a5412d1e85.html?x=0
