Gold Prices Hit New Record - $1,079.10 Per Ounce
posted on
Nov 03, 2009 11:55AM
Dear shareholders,
In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically gold bullion please see article titled, “Gold Prices Hit New Record”.
Gold came into the day with a firmer tone, which traders at the time linked to news that the Reserve Bank of India bought 200 metric tons of gold from the International Monetary Fund between Oct. 19 and 30. The transaction involves nearly half of the 403.3 metric tons that the IMF had earmarked for sale.
Regards,
AGORACOM Investor Relations
Gold futures surged to new record highs on Tuesday due to a combination of weakness in the euro, chart-based buying and a large purchase announced by India's central bank overnight.
Around 11:04 a.m. EST, December gold was up $25.10 to $1,079.10 an ounce on the Comex division of the New York Mercantile Exchange.
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