Gold hits 21-month high; US dollar also advances

The price of gold was fixed at $503 an ounce in London Monday, its highest level in 21 months, as the dollar also advanced on world currency markets. It was the first time gold has been fixed over the $500 mark since April 22, 1981. Silver, meanwhile, was priced over $14 an ounce for the first time in two years on heavy speculative buying from the Middle East, dealers said. They said the price of gold was rising on continued concern for the stability of the world financial system.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK