3
December
Gold taps more records, nears $1,225
3 December 2009 MarketWatch
Gold futures extended their record climb on Thursday, jumping past $1,225 an ounce, as the decline in the value of the U.S. dollar continued to attract investors into the precious-metals market.
Gold for December delivery surged as high as $1,226.40 an ounce on Globex. It was recently trading up $6, or 0.5%, to $1,218 an ounce.
"Gold continues to defy gravity and for good reasons: The shift out of fiat currency such as the dollar is happening at a swifter pace than most imagined it would," said Kevin Kerr, president of Kerr Trading International.
http://www.marketwatch.com/story/gold-taps-more-records-nears-1225-2009-12-02?siteid=rss&rss=1
