Saturday 17th May 2008
moneyweek.com
MoneyWeek logo

The most important financial stories, and how to profit from them

Skip to navigationSkip navigation
Commodities: Gold soars again

Commodities: Gold soars again

28.02.2008

This genius investor does dizzying levels of research to uncover...Half Price Shares!

Gold prices jumped to record highs on Wednesday after the dollar fell to is lowest level against the euro.

Inflationary concerns are helping commodities, especially gold as investors switch to safer investments.

Gold for April jumped to a new all-time record of $967.70 an ounce before profit-taking eased it to settle at $961, which was still up $12.10.

(Article continues below)

Advertisement

Crude futures moved back down from the $100 a barrel mark after the weekly report on inventories.

The Energy Department's Energy Information Administration said US crude inventories rose 1% to 3.2m barrels and gasoline inventories rose more than expected to 232.6m barrels.

Light, sweet crude for April delivery fell 1.24 dollars to settle at $99.64.



FREE! For all our latest advice on making profitable investments, claim your 3-week FREE trial of the MoneyWeek website and magazine now.
Free! Our daily email
Free Daily Email sign up
Money Morning is the FREE daily email from MoneyWeek – a punchy round-up of the latest investment news and profit opportunities. DON’T MISS IT!
New to MoneyWeek? Editor Merryn Somerset Webb explains what we do

 

FTSE 100 - 17 May 08