15
April
Gold Leaps to Record on Inflation, Dollar; Silver Tops $42 at 31-Year Peak
15 April 2011 Bloomberg.com
Gold climbed to a record as concern about rising inflation and an extended decline in the dollar bolstered the allure of precious metals as a store of value. Silver reached a 31-year peak.
Immediate-delivery bullion advanced as much as 0.3 percent to a record $1,478.32 an ounce before trading at $1,477.40 an ounce at 7:30 a.m. in Singapore. Bullion for June delivery in New York also leapt to an all-time high of $1,479.90 an ounce, gaining as much as 0.5 percent.
