8
September
Gold flies through $1,000/oz
8 September 2009 Reuters
old prices jumped through the psychological $1,000 an ounce level on Tuesday to its highest since February, boosted by a weak dollar and investors looking for a hedge against inflation, traders said.
Gold futures hit $1,007.1 an ounce and spot gold saw $1,004.95 an ounce, the highest since February 20 when it touched $1,005.40.
Futures have topped $1,000 nine times -- three times this year and six last year, including a record $1,033.90. Spot have risen above $1,000 just four times - once in February and three times in March 2008, when they hit a record $1,030.80.
