30
June
Gold may reach new high amid fears of double-dip recession
30 June 2010 The Guardian UK
The gold price could smash new records as investors pile into bullion on fears of a worsening economic outlook. The spot price today flirted with the all-time high of $1,264.90 (£838.93) reached last week.
"Debt on government balance sheets and worries that the world could be heading towards a double-dip recession are driving the gold price higher," says Charles Cooper at Oriel Securities.
http://www.guardian.co.uk/business/2010/jun/28/gold-new-high-double-dip-recession
