Gold hits record above $900; platinum, silver surge
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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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Commodities rise to record levels on demand, dollar depreciation.
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(Corrects price of Comex gold in second last paragraph to $927.1 an ounce, not $827.1, also corrects the ask price for silver in New York in last paragraph)
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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 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 highest level in more than 16 years Tuesday as a steadier dollar failed to cool worries over the currency&#39;s outlook, while Asian stocks gained after a solid performance on Wall Street.
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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 and platinum both hit fresh record highs, lifted by expectations of a cut in US interest rates.
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Platinum roared to another record high on Monday as supply concerns in main producer South Africa persisted, lifting sister metal palladium to its best level in six years.
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Platinum continued its record-setting rally Wednesday, briefly rising above $2,000 an ounce for the first time amid concerns that a power shortage in South Africa could slow mining operations for several years.
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Gold broke the $450 a troy ounce level on Thursday for the first time since June 1988 as the dollar fell to a record low against the euro.
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Gold prices fall as investors question whether the metal's record-breaking recent surge had gone too far too quickly.
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The price of gold rose to a 16-year  high above $455 an ounce on Wednesday as investors piled into  the hard asset amid widespread worries about the dropping U.S.  dollar.
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Platinum hit a record high for a third straight session Monday as investors bet that a power shortage in South Africa will tighten global supply for the metal used in jewelry and automobiles.
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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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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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The price of gold soars to a new record, driven by concerns about inflation and strong oil prices.