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Gold struck a new all-time peak above 866 dollars on Thursday as the precious metal benefited from its safe haven status amid record high oil prices, a struggling dollar and tensions in Pakistan.
Gold struck a new all-time peak of almost 868 dollars on Thursday as the precious metal benefited from its safe-haven status amid record high oil, a struggling dollar and Pakistan tensions.
The price of gold hit an all-time peak of 876 dollars an ounce here on Tuesday owing to rebounding oil prices, a weak dollar and geopolitical tensions, traders said.
The price of gold hit an all-time peak of 876 dollars an ounce here on Tuesday owing to rebounding oil prices, a weak dollar and geopolitical tensions, traders said.
The price of gold forged another record peak on Wednesday at 891.70 dollars per ounce, as the precious metal was boosted by high oil prices, US economic woes and geopolitical concerns, traders said.
The price of gold forged another record peak on Wednesday at 891.70 dollars per ounce, as the precious metal was boosted by high oil prices, US economic woes and geopolitical concerns.
Gold and platinum prices powered Monday to fresh record highs as precious metals were supported by the weak US currency, traders said.
Gold prices could hit 1,000 dollars an ounce in 2008 after this week's record-breaking run that was fuelled by fierce investment demand, precious metals consultancy GFMS said Thursday.
The price of gold shot to a record 924.45 dollars an ounce Monday as investors looked for safe havens at a time of turbulence on world financial markets.
The price of gold shot to a record 927.77 dollars here Monday as investors looked for safe havens from financial market turbulence and in response to stoppages at mines in South Africa.
Gold prices hit a record high 933.33 dollars here on Tuesday as the market was driven higher by production problems in key producer South Africa and the weak US dollar.