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The price of gold rose to a record high 984.95 dollars an ounce Monday, extending gains on the back of a weak dollar and its safehaven status amid concerns about rising inflation.
The euro surged to a new high against the dollar on Monday, while gold and oil also struck records on a turbulent day for global financial markets.
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The price of gold hit a new record on Thursday close to the symbolic 1,000 dollars per ounce level as the precious metal was boosted again by the weak dollar, traders said.
Currency and commodity markets saw a flurry of record-setting performances Thursday, with the dollar tumbling to a new low against the euro as oil and gold leaped to unprecedented peaks.
The price of gold soared to a fresh record peak on Thursday close to 1,000 dollars per ounce, propelled by the plunging value of the US currency, dealers said.
The price of gold soared to a fresh record peak on Thursday close to 1,000 dollars per ounce, propelled by the plunging value of the US currency, dealers said.
Gold futures prices struck a record high point of 1,000 dollars per ounce on Thursday as the US currency tumbled to fresh lows against the euro and yen.
The price of gold soared to a record high 1,000.45 dollars per ounce on Thursday, as the precious metal benefited from the weak dollar and its safe-haven status amid fears of rising inflation.
Gold prices breached 1,000 dollars for the first time on Thursday as the precious metal benefited from a plunging dollar and its safe-haven status amid fears of rising inflation.
Global commodities markets were bubbling on Friday after gold briefly peaked over 1,000 dollars an ounce, oil hit new highs and the dollar tumbled to a record low against the euro.