Gold Hits 16-Year High; Asian Shares Gain
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Gold hit its highest level in more  than 16 years Tuesday as a steadier dollar failed to cool  worries over the currency's outlook, while Asian stocks gained  after a solid performance on Wall Street.
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Asian stocks in the shipping, steel and trading sectors bounced higher Friday after China said its economy expanded 9.1 percent in the year to the end of September.
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LONDON: Gold squeezed out another 16-year peak yesterday afternoon in Europe at $437.40 per ounce, before shrinking back slightly with the euro after robust US data took the shine off bullion for non-US investors.
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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 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 rose more than $3 an ounce on Monday after crude oil extended gains, but dealers said the precious metal lacked incentives to breach key resistance levels.
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Gold, oil and copper prices rose on  Tuesday, with copper recording its biggest ever one-day gain  and nickel touching a record high as investors returned after  last week&#039;s sell-off.
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An ounce of gold has passed $880 for the first time. Here are some questions and answers about what the metal's record high means for individual investors.
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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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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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Asian stocks were mostly higher  Monday, led by selected technology and metals firms, while oil  extended gains and the dollar edged up ahead of an expected  U.S. Federal Reserve interest rate rise Tuesday.
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The price of gold shot to a record 927.77 dollars here Monday as investors looked for safe havens from financial market turbulence and in response to stoppages at mines in South Africa.
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Apple Computer Inc. AAPL.O shares  jumped as much as 16 percent on Monday, to their highest level  in more than 4 years, after a Wall Street analyst nearly  doubled his price target on the stock.
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US gold futures fell from a 16-1/4-year peak on Thursday as traders took profits from a rally above $445 an ounce amid a softer euro against the dollar and after a new much-hyped gold security launched in New York.
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Asian stocks rose on Monday, gaining 1 percent as Microsoft Corp's audaciousbid for Yahoo Inc and China's purchase of a largestake in takeover target Rio Tinto boosted optimism over share valuations.
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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 price of gold has set another record high, reaching $923, on supply fears and inflation risks.