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&#39;s outlook, while Asian stocks gained after a solid performance on Wall Street.
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Gold and platinum prices soared to record highs Friday after mine stoppages in South Africa, a leading producer of the precious metals, fed buying on supply concerns.
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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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Asian stock markets rebounded on Wednesday, with Thailand staging a blazing comeback after the government reversed restrictions on foreign investment in its bourse, and Australia hit a record high.
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Gold rose to its highest in nearly three decades on Friday as a struggling U.S. dollar lifted its safe-haven appeal and purchases from speculators helped the metal defy selling pressure.
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Gold hit a 28-year high in Europe 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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Asian stocks rose on Monday, with  China&#39;s market surging to an all-time high and South Korea also  hitting a record, as a rally in metals prices lifted miners and  a stronger dollar boosted shares in Japanese exporters.
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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 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 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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Asian stocks rose to a fresh life  high on Monday as investors bet there will be a U.S. interest  rate cut this week, which sent the dollar to a record low  against the euro and a basket of major currencies.
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Gold was on track for its biggest yearly gain since 1979, with prices hovering on Monday about $10 an ounce away from its historic highs.
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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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Gold punched right through $640 on Thursday afternoon to a 16-week high as the dollar fell further against major currencies, attracting fund buying.
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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 futures hit a 16-year high Monday, continuing a bull run that has gold companies &quot;living the dream,&#39;&#39; according to one industry analyst.
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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.