11
April
Investors Seeking Refuge Boost Gold, Silver
11 April 2011 Wall Street Journal
Deadlocked U.S. budget negotiations, continued euro zone debt jitters and concern global inflation could get out of hand pushed gold futures closer to $1,500 and sent silver above $40 for the first time since 1980.
The most-actively traded gold contract, for June delivery, was recently up $11, or 0.8%, at $1,470.30 a troy ounce after hitting an intraday record $1,474.50 on the Comex division of the New York Mercantile Exchange.
