Gold hits record on weak dollar | Business News | Reuters

Oct 8, 2009   //   by Admin   //   Scrap Gold Prices  //  Comments Off

Gold prices rallied to record highs for a third successive session in Europe on Thursday, as persistent weakness in the dollar fuelled fund buying of the metal as an alternative. … “I’d be surprised if we didn’t see a fair bit of scrap coming out of the woodwork, and the indications are that Indian demand will be very poor at these high prices. But it seems there are enough investors who are happy to buy it to more than offset that.” He said the precious metal could …

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Gold hits record on weak dollar | Business News | Reuters

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