Monday 8 November 2010

Gold, silver and oil.



The bounce in the U.S. dollar did little to crimp demand for commodities. Gold, a traditional hedge against inflation, powered to a record above $1.398 an ounce.

Oil prices held above $87 a barrel near a two-year high and silver hit a new 30-year peak.

Read article here.

Gold may also remain in favour with investors, as the threat of inflation in faster-growing economies, coupled with a big surge in global money supply, could encourage buying in the precious metal.

Read article here

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