GOLD rose to record highs above 1150/oz yesterday as the dollar index languished, boosting interest in the metal as an alternative asset, after largely benign US inflation data. The metal remains firmly underpinned by technical support after several days of gains, and is likely to break through to further fresh highs in coming sessions after a build-up of momentum, analysts said. Spot gold hit a high of 1150,2/oz and was at 1148,50/oz by mid afternoon from 1141,50.
www.directinvestment.biz
Thursday, November 19, 2009
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