Gold hits record as investors seek safety

- September 21st, 2010

On Monday, Gold hit a record high for the fourth day in a row, boosted by growing expectations for U.S. interest rates to remain exceptionally low as the economy struggles, while silver came in range of 30-year peaks.

On Monday, Gold hit a record high for the fourth day in a row, boosted by growing expectations for U.S. interest rates to remain exceptionally low as the economy struggles, while silver came in range of 30-year peaks.

The press release is quoted as saying:

Spot gold rose 0.3 percent to $1,280.20 an ounce by 0935 GMT, having hit a record peak of $1,283.35 earlier. U.S. gold futures for December delivery rose 0.3 percent to $1,281.70an ounce.

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