Gold Shines To A Record High
Monday, January 14, 2008SUSIE GHARIB: A milestone for gold today: it closed above $900 an ounce for the first time ever. Gold prices rose for the fifth straight session as investors sought the safety of the precious metal in anticipation of more interest rate cuts, worries about inflation, global tensions and further weakening of the American dollar. In New York trading, February gold rose $5.70 to close at $903.40. It traded as high as $914 earlier in the day.
