By
AFP
Published
Oct 8, 2009
Download
Download the article
Print
Text size

Gold price hits record high above 1,058 dollars

By
AFP
Published
Oct 8, 2009

LONDON, Oct 8, 2009 (AFP) - The price of gold hit a fresh record high point above 1,058 dollars an ounce here on Thursday 8 October as the dollar renewed its run lower.


Photo: AFP/File/Sebastian Derungs

In early morning trade on the London Bullion Market, gold struck 1,058.48 dollars an ounce, which was the highest level in history. It had struck a record high of 1,048.43 dollars on Wednesday 7 October.

The glamorous metal, used in jewellery, dentistry and electronics, has struck a series of all-time highs this week on the back of a sliding dollar that has made the precious metal cheaper for investors holding other currencies, boosting demand.

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.