AFP
Oct 8, 2009
Gold price hits record high above 1,058 dollars
AFP
Oct 8, 2009
LONDON, Oct 8, 2009 (AFP) - The price of gold hit a fresh record high point above 1,058 dollars an ounce here on Thursday 8 October as the dollar renewed its run lower.
 Photo: AFP/File/Sebastian Derungs |
In early morning trade on the London Bullion Market, gold struck 1,058.48 dollars an ounce, which was the highest level in history. It had struck a record high of 1,048.43 dollars on Wednesday 7 October.
The glamorous metal, used in jewellery, dentistry and electronics, has struck a series of all-time highs this week on the back of a sliding dollar that has made the precious metal cheaper for investors holding other currencies, boosting demand.
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