Gold sets record high above $1,040 per ounce
Posted Tue, Oct 6, 2009 by Reuters: Business News on October 6, 2009 and is filed under Reuters Business News.
NEW YORK/LONDON (Reuters) – Gold surged to a record high above $1,040 per ounce on Tuesday, fueled by a steadily falling U.S. currency, which prompted investors to buy gold as a hedge against dollar-denominated portfolios.
