7
April
Gold price hits record high on inflation fears
7 April 2011 The Telegraph
Concerns over the continuing turmoil in the Middle East and North Africa also boosted safe haven demand for precious metals, with the silver price rising to a 31-year high of $39.77 an ounce. The price was last at this level in January 1980, when the global economy was in turmoil following the 1979 oil crisis.
After hitting new highs, the gold price closed in London at $1,462.93, up $26, while silver ended the day up $1.21 at $39.71.
