Gold futures rose on Friday, hitting all-time highs above $1,300 an ounce as investors fretted over economic uncertainty after the Federal Reserve raised expectations to take new measures to spur growth. Silver also surged to a 30-year high on strong investment buying, with holdings of the world's largest silver-backed exchange-traded fund rising to a record high.
Gold has risen more than 4 percent so far this month and hit record highs in six out of the last seven sessions and there are expectations of further dollar weakness underpinned gold.
In addition, a number of major countries have been moving to curb their currencies to bolster growth. This has boosted gold's appeal as an alternative investment.
http://www.directinvestment.biz
http://www.businessday.co.za/articles/Content.aspx?id=121981
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment