NEW YORK, 6 November 2009 ? The price of gold today breached $1100 an ounce for the first time. CNN Money's report on the move includes exclusive comments from BullionVault, the world's No.1 gold dealing and ownership service online.
Spiking after the United States reported a new 26-year record in unemployment, gold is benefiting from a "flight to quality" according to one senior market strategist quoted by CNN Money ? one of the world's top news sites.
"The gold market is something a lot of speculative and institutional investors are looking at," says Adrian Ash, head of research at BullionVault.
You can read the full report at CNN Money here...
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Source:
CNN Money
