Exchange Rates

Struggling Dollar Pushes Gold to Another Record

Posted by Scott Boyd at 9:10 am EST, 11/10/2009

Gold touched an all-time high of $1,107.2 an ounce yesterday as investors abandon the struggling dollar. Growing demand in Asia and other emerging markets has also played a part in driving up prices in the last two weeks as governments diversify away from the US dollar in order to protect the value of their reserves.

Filed under: Forex Round Up, USD, EUR, GBP, CHF, JPY, AUD, CAD

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