Gold holds near record high on currency fears

Precious Metals

On Thursday, Gold held near record highs, eyeing a breach of $1,300 an ounce, while silver flirted with 30-year peaks as the threat of currency devaluation lifted interest in the metals as a safe store of value.

On Thursday, Gold held near record highs, eyeing a breach of $1,300 an ounce, while silver flirted with 30-year peaks as the threat of currency devaluation lifted interest in the metals as a safe store of value.

The press release is quoted as saying:

Spot gold was bid at $1,291.85 an ounce at 0939 GMT, against $1,289.60 late in New York on Wednesday. U.S. gold futures for December delivery rose 60 cents to $1,292.70.

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