Gold jumps above $900/oz, platinum hits record
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Gold surged 2 percent to trade above $900 on Thursday and platinum hit a historic high, as investors snapped up the metals on dollar weakness and firmer oil prices, analysts said.
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Gold hit a 28-year high on Friday as the dollar's continued slide to record lows versus the euro raised the metal's appeal to speculative investors.
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Gold swept to a record high on Wednesday above the key $850-an-ounce mark, driven by surging oil, a weaker dollar and simmering geopolitical tensions that polished its safe-haven credentials.
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Gold gained more than 1 percent to   above $593 an ounce on Tuesday, tracking higher crude oil   prices and a weaker dollar, but trading may be cautious ahead   of the release of key U.S. data.
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Gold futures hit a 16-year high yesterday, continuing a bull run that has gold companies &quot;living the dream,&quot; according to one industry analyst.
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JOHANNESBURG: South Africaâs Harmony Gold has pounced on bigger domestic rival Gold Fields with an unsolicited, all-share takeover bid worth about $8bn to create the worldâs biggest gold producer.
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SYDNEY - Australian stocks rose 0.9 percent on Thursday, touching a new record as oil prices tumbled and as WMC Resources soared in the wake of a rejected A$7.
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Gold swept to a record high on Wednesday  driven by surging oil, a weaker dollar and simmering  geopolitical tension, also ushering platinum to a record peak.
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NEW YORK - Oil prices surged yesterday, rising to a record near $90 a barrel, as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures.
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$445.10 an ounce. While this isn&#39;t literally the highest price the yellow metal has ever fetched, it is a level we haven&#39;t seen for more than 16 years.
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Platinum hit another record high on Tuesday on a weaker dollar and a power crisis in South Africa which halted mining production, while silver touched a 27-year high to track firmness in gold.
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The price of gold soars to a new record, driven by concerns about inflation and strong oil prices.
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A new gold-backed security named streetTRACKS Gold Shares made a much-hyped debut on the New York Stock Exchange on Thursday, aimed a attracting the investment capital that helped lift the bullion price to a 16-year high
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Gold hit another record high on Monday before losing some strength, but turmoil in financial markets and expectations of aggressive U.S. rate cuts may help the metal touch the psychological level of $900 an ounce soon.
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Platinum roared to another record high on Monday as supply concerns persisted in main producer South Africa, lifting sister-metal palladium to its best level in six years.
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Gold, benefiting from a weak dollar, peaked at $444.60 an ounce in Europe on Wednesday, and traders said the metal could rise higher still.
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Gold hit fresh 16-year highs on Monday  as the dollar fell to an all-time low against the euro but it  lost ground when the U.S. currency partly recovered.