Golden glow cel­e­brated

Townsville Bulletin - - Investor -

GOLD has soared to a fresh record, tak­ing sil­ver along with it to 31-year highs as in­vestors bought the pre­cious met­als as a safe haven amid grow­ing con­cerns over the Mid­dle East and Por­tu­gal. Gold hit a record $ US1447.82 per ounce in af­ter­noon trade on the Lon­don Bul­lion Mar­ket on Thurs­day while sil­ver jumped to $ US38.16 an ounce – its high­est level since Fe­bru­ary 1980. ‘‘ Gold and sil­ver are jus­ti­fy­ing their rep­u­ta­tion as safe havens, which is hardly sur­pris­ing in the cur­rent cli­mate,’’ said Com­merzbank an­a­lyst Carsten Fritsch in a re­search note.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.