Oil Rises to 25-Month High as Commodities Gain, Gold at Record, November 08, 2010,
By Margot Habiby
Gold futures for December delivery rose $5.50, or 0.4 percent, to settle at $1,403.20 at 2:13 p.m. in New York. Gold for immediate delivery jumped as high as $1,410.60, a record.
Silver futures for December delivery rose 68.4 cents, or 2.6 percent, to $27.432 an ounce on the Comex. Earlier, the price reached $27.64, the highest level for a most-active contract since March 1980.
Sept 16-22, 2010 - Gold hits record highs for five successive sessions, peaking at $1,296.10, as investors flock to bullion after the Fed signals it may consider further quantitative easing, weakening the dollar and raising fears over future inflation.
* Sept 27 - Spot gold prices touch the $1,300 an ounce
* Oct 5 - Gold extends its record highs to above $1,330 an ounce
* Oct 6 - Gold rallies to a record high just shy of $1,350 an ounce
* Oct 7 - Gold hits third successive record above $1,355
The American Dollar is worthless, I do not understand why the world economy is tagged to it we need a new world currency but WHAT? the Yuan OMF No!
1 Chinese yuan = 0.149719 U.S. dollars
No comments:
Post a Comment