LONDON, 11 December 2008 - The gold price in Sterling today leapt to new record highs above £552 an ounce, gaining "more than 33% over the past year [thanks to] the plunging value of the pound," reports the Daily Telegraph.
"With the Bank of England in panic mode, slashing the returns paid to savers to three-century lows at the start of December," Adrian Ash, head of research at world-leading gold service BullionVault, told the newspaper, "the clear winners from its campaign to reboot the bubble so far have been gold investors stuck with pounds to earn and pounds to spend."
You can read The Telegraph's full report here...
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Source:
The Telegraph
