Mon, 22 Aug 2011

Gold Price Hits New High Near $1,900

By Erika W.

The price of gold edged closer to $1,900 an ounce on August 22 with a record spot price of $1,894. In a July interview with Bloomberg, John Taylor, founder of FX Concepts LLC, predicted gold prices will reach $1,900 an ounce by October.

Read more about rising gold prices.

P.M. Kitco Metals Roundup: Comex Gold Soars to Another New Record-High on Continued Strong Safe-Haven Investment Demand

Comex gold futures prices came within a whisker of $1,900.00 an ounce Monday, and closed the day session sharply higher and near the new all-time record high of $1,898.60 an ounce.

Bloomberg – Gold Off Charts as Prices Heading ‘Parabolic’

Gold’s rally to a record near $1,900 an ounce pushed the metal to overbought levels according to technical analysis tools, as economist Dennis Gartman said prices will go “parabolic.”

ABC News Video – With the Price on Gold Soaring, Jewelry Thefts Are on the Rise

The price of gold has hit an all-time high of nearly $1,900 per ounce, and with the soaring prices comes a rise in thefts.

WSJ – Gold Vaults to New Record, Just Shy of $1,900

Gold ended at a record amid speculation that the U.S. won’t be able to resist another round of stimulus and amid broader worries about the global economy.

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