Tue 19 Jul 2011
Gold prices settled above $1,600 an ounce, a record high, on European and US debt concern.
Safe haven demand propelled gold for August delivery up $12.30 to settle at a record $1,602.40 an ounce on the Comex division of the New York Mercantile Exchange. Gold touched an intra-day record high of $1,607.90 an ounce.
Gold futures have enjoyed 10 consecutive days of gains as traders look to traditional safe haven investments amid deepening concern about government debt.
Meanwhile US crude oil settled 1.4% lower on Monday on concern about Europe's debt crisis and the US' debt ceiling.
Jitters about a default Italy or Spain pressured oil prices. Debt worries and the declining dollar took crude for August delivery down $1.31 to $95.93 a barrel on the New York Mercantile Exchange.
In London Brent crude fell $1.21 to settle at $116.05 a barrel on the ICE Futures Europe Exchange.
saat ulasan ini dibuat, emas bertengger di harga $1605.50/oz High: 1606.05 low: 1600.80
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