InfoAnda - Gold hits record above $1300 , silver at 30-year peak

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Kerry Washington gets lucky with 'Scandal' | | 10 April 2012
Global box office hits record $28 billion in '08 | Entertainment | | 1 April 2009
"Should I stay or should I go?" Romanian doctors ponder | 14 December 2010

West plays down Iran gesture, sticks to sanctions drive | | 26 May 2010

Forum Views () Forum Replies ()

Read more with google mobile : Gold hits record above $1300 , silver at 30-year peak

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Full Coverage Sitemap Gold hits record above $1300 , silver at 30-year peak AFP - Saturday, September 25 Send IM Story Print Gold hits record above $1300 , silver at 30-year peak LONDON (AFP) - – Gold soared to a record high above 1,300 dollars on Friday, dragging sister metal silver to a 30-year peak as investment demand propelled precious metals higher. Gold prices struck a record 1,300.07 dollars an ounce in afternoon trade on the London Bullion Market as investors sought a safe-haven for their money amid increased uncertainty over the global economic outlook. Silver, meanwhile, jumped to 21.44 dollars an ounce -- its highest level since September 1980. "The underlying bullish trend in the gold market continues to be fuelled by the high level of uncertainty regarding the United States and European economies," said SEB Commodity Research analyst Filip Petersson. "Wealth preservation are the keywords. As long as we do not see a reduction in the uncertainty regarding the long-term economic outlook, gold prices will remain well-supported as the currency of choice for risk-averse investors." He added that "the strategic view remains bullish (positive) and we expect prices above 1,350 dollars per ounce before the end of the year." Gold and silver were also driven by particularly keen demand from exchange traded funds (ETFs). ETFs allow traders to invest money more easily in commodities, without trading on the futures market. They are traded like shares and are widely regarded as an inexpensive and low-risk way of investing. "Gold is fuelled by a combination of things," said Commerzbank analyst Daniel Briesemann. "High investment demand can be seen in inflows into gold ETFs," added Briesmann. "Some central banks in Asia are also diversifying their currency reserves further, even at the current high price levels. "Furthermore, the general interest of investors is not waning and gold is sought for mainly as a 'stable currency'." Gold also won support from the weakening US currency, which makes the dollar-priced metal cheaper for buyers using stronger currencies and so tends to stimulate demand and prices. The European single currency rose against the dollar Friday after a surprise gain in German business confidence. Gold gained additional support this week after the US Federal Reserve hinted at more stimulus spending if the tepid US economic recovery cools further, sending the dollar reeling. "The prospect of further US quantitative easing and the resulting decline in the dollar was the main driver in the gold market during the last week," said SEB analyst Petersson. Since this time last year, gold and silver prices have soared by about 30 percent. "Poor man's gold shines again," said analyst Andrey Kryuchenkov at financial services firm VTB Capital in response to silver's 30-year high. Kryuchenkov also noted that silver enjoyed "robust investor demand" and industrial demand -- the metal is widely used in the manufacturing sector, as well as to make jewellery. Recommend Send IM Story Print News Search Top Stories Gold hits record above $1300 , silver at 30-year peak Gold hits 1,300 dollars for first time German business confidence posts surprise rise Arsenal post record profits British monarch 'asked for heating handout' More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended US state executes first woman in nearly 100 years Facebook boss to make $100 mln school gift: report Japanese quizzed in China as maritime row escalates Great white sharks no cold-blooded 'Jaws' Two new horned dinosaurs discovered in western US More Most Viewed » Climate: New study slashes estimate of icecap loss US state executes first woman in nearly 100 years US pastor puts Koran-burning on hold 'Time bomb' superbug requires global response: doctor Japanese rider Tomizawa dies in San Marino Moto2 GP More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Saturday, 25 September 2010
Iraq and Syria to restore ambassadors
Norway's 'greatest spy case' to be re-examined
Cyber attack appears to target Iran: tech firms
Iran, big power rep may meet next month: Ahmadinejad |
Gold hits record above $1300 , silver at 30-year peak
Obama slams Ahmadinejad for "hateful" 9/11 remarks
LinkedIn buys company, has talked to bankers: CEO
Bruno Mars Earns First #1 Single On Billboard Hot 100 With "Just The Way You Are"
Gold hits 1,300 dollars for first time
Iran accuses U.S. of hypocrisy in woman's execution |
Linkin Park Narrowly Beat Out Trey Songz For #1 On Billboard Albums Chart
German business confidence posts surprise rise
U.N. atom assembly rejects Arab move targeting Israel
U.N. speakers urge Pakistan to free up arms talks |
Catholic, Orthodox report promising progress on unity |
NATO says 3 detained Afghan journalists released
Cuba unveils private sector expansion plan |
NATO: Detained Afghan journalists released
Europe's film indies win EU help to go digital
The Social Network opens in NY to buzz, controversy |
EU risks US-China domination with military cuts: France
Ottawa says hopeful on RIM deal with India |
Britain promises US it will keep nuclear deterrent
'Don't ask, don't tell' injunction now up to judge
Europe's film indies win EU help to go digital
Top tech firms settle employment probe |
News
Norway Central Bank Sues Citigroup Over Alleged Misstatements
Bank Teller Forced To Rob Bank With Bomb Strapped To Him
Ga. pastor spent a generation building megachurch
Lindsay Lohan sent back to jail in handcuffs
Kick-Ass Star Chloe Moretz To Play Emily The Strange
Economic Uncertainty Boosts Gold To Record $1,301.01; Silver To 30-Year High
Threatened Mexican journalist receives asylum
Gianfranco Ferre retro, Versace, Moschino geometry
Tropical Storm Matthew Gunning For Central America
"Bones" 5th Season Coming On DVD, Blu-Ray
Paris, Berlin bid to host biggest fashion show
GOP Braces For Another Three-Way Race In New York's 23rd Congressional District
Nicaraguan Diplomat Found Stabbed To Death in NYC Apartment
Neu! comes alive 40 years after recording debut
Global Software Revenues To Surpass $232 Billion
Criticism over Philippine leader's NY hotdog binge
Abbott Questioned By Senate Panel About Week Delay In Recall
Bulgarian protesters demand compulsory religious classes
Quietly, US military opens up to Sikhs
'Home and Away' scene ruled too raunchy for NZ television
Lindsay Lohan sent back to jail in handcuffs |
The Social Network opens in NY to buzz, controversy |
New book shows unpublished Marilyn Monroe photos |
Zucker to step down at NBC Universal, Klein out at CNN US
Saudi denies it will license blogs
Neu! comes alive 40 years after recording debut |
Software smart bomb fired at Iranian nuclear plant: experts
US-TECH Summary
Cyber attack appears to target Iran: tech firms
Japan to pilot digital textbooks in classrooms
Iran open to new nuclear talks: Ahmadinejad
Spacecraft undocks from space station after delay
China hits back at Japan after boat captain freed |
Britain's Labour Party set to announce new leader
Iraq's winning bloc rejects Maliki as PM again
Games chief says all countries will take part |
Russian spacecraft lands safely after delay
LA judge sets bail to release Lohan: spokesman
Iran says nuclear talks likely in October
Russian-U.S. space crew lands in Kazakhstan |
Lindsay Lohan back in jail for failing drugs test
O'Gara helps boot Munster to victory
Clinton meets Abbas as Mideast peace deadline looms |
Tropical Storm Matthew powers across Honduras |
Suspected hitmen shoot another Mexican mayor |
Plane diverts to Sweden due bomb threat |
'Extensive' work still needed: Commonwealth Games chief
Judge orders lesbian reinstated to Air Force
Australia's first saint 'exposed paedophile priest'
Gunmen shoot dead two at Pakistan mosque: police
Fla. bank robbers strap bomb to abducted teller
The Social Network opens in NY to buzz, controversy |
Rights groups condemn arrest of Thai Internet editor
APNewsBreak: 4th man sues Ga. megachurch pastor
Susan Boyle's upcoming "Gift" already a best-seller
Taiwan welcomes Chinese hints on missiles
Facebook's Zuckerberg gives $100 million to Newark |
Lauren Conrad heads back to MTV for reality show
Apple launches iPhone 4 in China
China demands compensation as skipper returns
Couple Sue MTV Over “Jersey Shore” Boardwalk Fight
India's fraud-hit Satyam seeks delisting from NYSE
Perez Hilton reveals how he picks the hits
Lin Dan storms into Japan Open badminton final
U.S. Looks Forward To Seeing Iraq As Stable A Democracy As South Korea
US Congress moves to punish China on currency
Bret Michaels rocks from "Love" to "Life."
Three N.Koreans rescued at sea granted asylum in S.Korea
Government Seeks New Way to Predict Economic Crises, Bernanke Says
Canada hopeful RIM, India can agree on BlackBerry data access
New book shows unpublished Marilyn Monroe photos
Weekly Recap
Valuable "President's fish" facing extinction in Philippines
"The Social Network" opens in NY to buzz, controversy
Kan defends Japan's intervention in the currency markets
China hits back at Japan after boat captain freed
Pew: "Great Recession" Left Over Half Of Americans Struggling To Survive
Superman, Elvis, Princess Di flop at NY auction
Rights groups denounce arrest of Thai webmaster
India Games debacle could deter investors: Moody's
Family rivalry may rekindle over sale of Hyundai unit
Japan police remove Nike protesters from Tokyo park
US Congress moves on China currency
Lindsay Lohan freed after 15 hours in jail |
The Social Network opens in NY to buzz, controversy |
Lauren Conrad heads back to MTV for reality show |
Susan Boyle's upcoming Gift already a best-seller |
Bret Michaels rocks from Love to Life. |
Perez Hilton reveals how he picks the hits |
Facebook's Zuckerberg gives $100 million to Newark
US reaches settlement with tech giants over poaching
Top tech firms settle employment probe
US retail powerhouse Target to sell iPad tablet computers
Google puts 10 million dollars into world-changing ideas
Ottawa says hopeful on RIM deal with India
Zucker to step down at NBC Universal, Klein out at CNN US
Bomb suspect held as plane to Pakistan lands in Sweden
Third Afghan journalist released: NATO
EU to drop Apple probes after firm's policy changes
'Every reason' to believe French Sahara hostages alive
Fatah, Hamas in reconciliation talks
Pakistan PM cancels trip to Europe |
Russian spacecraft lands safely after delays
Slain Nicaraguan Consul Possible Suicide, Say NY Police
US strategists seek Afghan fixes outside the box
U.S. Grants $434 Million To Fight Philippine Poverty
Afghan, NATO forces kill 30 insurgents in assault |
NATO: Bomb blast kills 2 troops, 30 militants die
Russia against sanctions to Iran despite missiles ban |
NATO says 3 detained Afghan journalists released
India says will review Kashmir security deployment |
Merkel takes tough line on integration to party cheers |
Pakistan PM cancels trip to Europe
Canadian held in Sweden over Pakistan plane threat
Pakistan Danish embassy bombing suspects acquitted
Ga. pastor's academy had 'sex self-check card'
Top tech firms settle employment probe |
EU to drop Apple probes after firm's policy changes |
French court orders Google Inc to pay libel damages: report |
Ahmadinejad’s U.N. Speech Prompts Diplomat Walkout
Seattle Grandmother Kills 3 Family Members, Herself
Granny Set For Execution In Virginia
Bus Driver Fired For Driving Under Influence Of Kindle
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01