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Gold ends at record $1,822 an ounce

Daily newsbrief journal for August 2011, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Gold ends at record $1,822 an ounce

Postby admin » Thu Aug 18, 2011 5:33 pm

Gold ends at record $1,822 an ounce
SAN FRANCISCO (MarketWatch) -- Heightened fears of a U.S. recession sent gold past a $1,800 settlement on Thursday. Gold for December delivery added $28.20, or 1.6%, to end at $1,822 an ounce on the Comex division of the New York Mercantile Exchange. A steep drop for U.S. equities and a slew of mostly negative macroeconomic data sent investors to the perceived safety of gold.
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