Tuesday, April 5, 2011

Gold price hits record april 5 2011

Gold price hits record april 5 2011 : Gold hit a record high above $US1450 an ounce in trading here yesterday as the "safe haven" metal won support from worries over geopolitical unrest, surging oil prices and a Chinese rate hike, traders said.

The price of gold reached $US1450.65 an ounce at 1515 GMT (0115 AEST) on the London Bullion Market, beating the previous record of $US1447.82 set on March 24.
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