11
April
Gold hits record on euro, silver jumps to 31-year top
11 April 2011 Reuters
Gold jumped to a record high for a fifth straight trading day on Monday as the prospect of more declines in the U.S. dollar drove investors into the precious metal, with record exchange traded fund holdings helping silver to its highest in more than three decades.
Heightened inflationary threats despite interest hikes by China and the European Central Bank boosted gold's safe haven appeal, while silver also attracted buying from investors looking for a cheaper alternative to bullion. The gold-to-silver ratio was at a 28-year low around 35.
http://www.reuters.com/article/2011/04/11/us-markets-precious-idUSTRE73786N20110411
