October 07, 2009

Gold at new all-time high

Gold spiked the second day in a row and reached a new all-time high after yesterday’s rally.  Spot Gold traded at a high of $1,048.25 in European Trading today.

XAU-2009-1007

Inquiring minds are wondering how much of this rise in Gold is attributable to the growing lack of confidence in the US Dollar.

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