Gold at $1,000 on Weak Dollar, High Oil
Summary from multiple countries, from articles in English
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The price of an ounce of gold on Thursday topped $1,000 US for the first time, on a volatile day for world currency, commodity and equity markets. (article 2)
The price of the precious metal has gained more than 20 per cent this year and has doubled in the last three years. (article 2)
" Fundamentally, investors are desperate to invest in hard assets like gold as other asset classes face extreme pressure said Camilla Sutton (article 2)
Gold has gained nearly 20 percent in 2008, driven by buying from investors and speculators on expectations of further interest rate cuts in the United States and record high oil prices, which raised its appeal as an alternative investment. (article 1)
The first hint that something was wrong reportedly came when the Ethiopian central bank exported a consignment of gold bars to South Africa. (article 7)
Gold has been pushing up against the $1,000 an ounce mark for weeks, mainly because of the weaker dollar. (article 3)
A new kind of gold rush is unfolding at jewelry store and pawn shop counters - featuring not prospectors, but consumers. (article 6)
White-collar workers, retirees and many others have been digging through jewelry boxes and safety deposit boxes to cash in as gold prices flirt with $1,000 an ounce. (article 6)
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Other summaries about this story:
Other stories about Gold, oil and Crude:
Event tracking:
Story keywords
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Gold, oil, Crude, dollar, Futures |
Source articles
- Cash gold nears $1,000 level hit by U.S. futures (Washington Post, 03/13/2008, 337 words)
- Gold tops $1,000 US an ounce (cbc.ca, 03/13/2008, 628 words)
- Gold at $1,000 on Weak Dollar, High Oil (Washington Post, 03/13/2008, 334 words)
- The high price of gold attracts buyers and sellers (seattletimes.nwsource.com, 03/12/2008, 784 words)
- Gold Hits Record $1,000 an Ounce (sfgate.com, 03/13/2008, 955 words)
- ABC News: Gold Prices Push Consumers to Sell (ABCNews, 03/11/2008, 345 words)
- Fake fears over Ethiopia's gold (BBC News, 03/13/2008, 295 words)
- CNN Student News Transcript: (CNN, 03/14/2008, 1787 words)
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