Gold Tops $1,000, Highest Since March, as Global Equities Slide

[Allen72289]

Feb. 20 (Bloomberg) -- Gold surpassed $1,000 an ounce in New York for the first time in almost a year as investors, hurt by plunging stocks and a deepening recession, sought to protect their wealth.

Gold futures for April delivery rose $25.70, or 2.6 percent, to $1,002.20 an ounce on the New York Mercantile Exchange’s Comex division. Earlier the price touched $1,007.70, the highest since March 18. Gold, the only metal to advance in 2008, has rallied annually since 2000 and is up 13 percent this year.

http://www.bloomberg.com/apps/news?pid=20601012&sid=ac6Nea4dBBmY&refer=commodities

 

[Bluewaters]

Lead seems to be still selling well.lol

 

[hugolp]

800$ 1980 top price for gold adjusted for inflation is 2300$. And I doubt the USA can raise the interest rates without destroying the economy this time.

Hugo