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Record Gold Price

Gold Prices Reach New $900 Record on Funds

By Luke Burgess
Friday, January 11th, 2008

There's a new record gold price in town over $900 an ounce. Forward month US gold prices rose hit a record high of over $900 an ounce boosted by robust interest by investment funds and chart-based support.

At last look gold topped off at $900.10 an ounce, up $3.30 for the day.

record_gold_price_chart.png

Gaining nearly 32% in 2007, gold has had a meteoric rise the past 12 months boosted by a falling dollar, rising prices for oil and other commodities and increased Middle East instability. These trends have lifted the metal's appeal as a haven and we can expect further increases in the price of gold in the future.

Until next time,


Luke Burgess
www.GoldWorld.com





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