GREY:KXLAF - Post by User
Post by
MELLOW88on Sep 28, 2012 4:02am
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Post# 20423600
Gold up $5..World inflates to support economies
Gold up $5..World inflates to support economies Commodities as tracked by the S&P GSCI have risen 11 percent this quarter in the best such performance since March 2011, as central banks in the U.S., Japan, China and Europe, took action to support their economies.
Cash gold rose toward a six-month high, adding 0.2 percent to $1,780.07 an ounce. Bullion climbed to a record priced in euros and Swiss francs yesterday on concern that central banks’ moves to boost economies will devalue currencies, spurring demand for the metal as an alternative investment.
from Bloom