Gold notches third-straight record day

8 April 2011  MarketWatch

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Gold futures crawled higher Thursday, shaking off the weakness that permeated part of floor trading to make history a third straight day.

Gold cinched a settlement and an intraday nominal record highs, its third consecutive, and helped silver, the poor man’s gold, reach another 31-year high close.

Momentum buying, heightened concerns about debt problems in Europe, fears of inflation, and even an aftershock in earthquake- and tsunami-ravaged Japan contributed to gold’s top showing.

http://www.marketwatch.com/story/gold-goes-for-third-record-in-a-row-2011-04-07