US gold futures hit record above $1,500

posted by
April 19, 2011
Reuters    
Posted in News

"U.S. gold futures hit an all-time high above $1,500 an ounce on Tuesday on a combination of dollar decline, recovering crude oil prices and worries about sovereign debt problems in Europe. Bullion rose to a record for a second straight day, as investors bought gold as a hedge against economic uncertainty after Standard & Poor's on Monday revised the credit outlook of the United States to negative from stable." (04/19/11)

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