GoldCore Update: Gold at New Record Highs; Silver Surges 4% and Breaks Long Term Resistance
Wed, May 12 2010, 12:32 GMT
by GoldCore Bullion Services Team
Gold
Gold has rallied to a new record high ($1,244.80/oz) on continuing concerns about sovereign debt contagion and the risk posed to the single currency. Gold rose to $1,224/oz early in New York yesterday, it then fell off slightly before closing with a new record closing high and a gain of 1.61%. It has range traded from $1,228/oz to $1,234/oz in Asian and early European trading this morning prior to rising to new record highs in dollars, Swiss francs, pounds and euros. Gold is currently trading at $1,231/oz and in euro and GBP terms, at 968/oz and 820/oz respectively.
And KAYA R if you like Namidia check out DYL - but personally I think uranium is Long T.
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