Platinum hits record at $2,070 on supply squeeze
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Platinum, used in jewellery and auto catalysts, jumped to another record high above $2,000 an ounce on Monday, on lingering power supply which disrupted mining in main producer South Africa.
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Goldman Sachs reported profit of $3.2 billion, setting a record amid growing concern over falling stock prices and an imploding subprime mortgage market.
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The price of gold has set another record high, reaching $923, on supply fears and inflation risks.
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Gold hit a record high above $900 an ounce on Monday as turmoil in financial markets and expectations of aggressive U.S. rate cuts helped raise the metal the metal's safe-haven appeal.
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Platinum hit a record high for the  13th successive day on Monday on lingering power supply  shortages which have disrupted mining in main producer South  Africa.
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Platinum futures surged to an all-time high Thursday as more electricity blackouts in South Africa, the world's largest platinum producer, sparked buying on supply concerns.
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Gold rallied to a 7-week high on Monday and close to a record high of $850 on speculative buying driven by a weak U.S. dollar and tensions in Pakistan following the assassination of opposition leader Benazir Bhutto.
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Gold hit a record high above $900 an ounce on Monday as turmoil in financial markets, expectations of aggressive U.S. rate cuts and a falling dollar helped raise the metal's safe-haven appeal.
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Gold hit its latest record on Monday, approaching $900 an ounce as investors sought protection against a potential U.S. recession and a weaker dollar, with Asian stocks steadying after recent sharp losses.
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Gold hit its latest record on Monday,  approaching $900 an ounce as investors sought protection  against a potential U.S. recession and a weaker dollar, with  Asian stocks steadying after recent sharp losses.
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Precious metals prices soared Monday, with gold and platinum hitting fresh highs on a falling U.S. dollar and supply concerns fed by a fourth day of mine stoppages in South Africa.
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Mining giant BHP Billiton today unveiled record full-year results after commodity prices soared on the back of surging demand in China.
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The US nationwide price for gasoline rose closer to $2 a gallon over the last week and diesel fuel hit a new record high for the second week in a row, the government said on Monday.
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Benchmark light, sweet crude futures for November rose 33 cents to settle at a new record high of $53.64 a barrel, after reaching an intraday high of $53.
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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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The nationâs largest retail brokerage said stronger investment banking results and fees from stock transactions helped boost profit to $2.07 billion.
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Gold hit another record high on Monday and may touch the psychological level of $900 an ounce soon as uncertainty in financial markets and expectations of aggressive U.S. rate cuts raised its safe-haven appeal.