Sign up to The Irish Times Archive (1859 - 2008)My Account »
Thu 04 Apr 2011Gold goes above $1,500 an ounce on worries over global economy
GOLD SHOT above $1,500 (€1,033.33) an ounce yesterday for the first time ever as worries over the health of the global economy boosted the metal as a safe haven.
Gold prices are up 5 per cent in April and look set to extend gains as the metal’s appeal as a haven from risk was boosted by talk that Greece may have to restructure its debt, together with a threat from Standard & Poor to downgrade the US’s triple-A credit rating.
Choose a Subscription type - required
