8
March
Gold hits record high as investors seek haven
8 March 2011 The Financial Times
Gold rose to a nominal record price as investors bought it as a haven from political and economic worries stemming from the turmoil in the Middle East.
Chart: Gold priceThe unrest in the oil-producing region has sharpened demand for precious metals, both as a hedge against political uncertainty but also – with oil prices continuing their upward path – a hedge against higher inflation.
http://www.ft.com/cms/s/0/3e925480-48f3-11e0-af8c-00144feab49a.html
