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Gold broke the $900 per ounce plane once again and platinum peaked to a new historic record today. Gold had tumbled for a time this week but the Federal Reserve’s unexpected slashing of interest rates Tuesday helped change the momentum. Spot gold hit an earlier high of $910.50 an ounce and was at $907 by […]

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Gold Breaks $900 Barrier

by CoinNews.net on January 11, 2008 · 1 comment

Gold futures briefly crawled over $900 an ounce on Friday for the first time on the New York Mercantile Exchange (NYMEX). It landed on $900.10 and settled back down to $897.80. The driving factors haven’t changed: Weak U.S. Dollar High oil prices Uneasy investor hedging And U.S. recession fears, resulting in upcoming interest rate cuts […]

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