Gold, Silver Rising Sharply on Demand for Safe Haven – The Jakarta …

May 9, 2010   //   by Admin   //   Sell Scrap Gold  //  Comments Off

Gold reached $1214.90 an ounce on Friday, 1 percent below the Dec. 3 record, after the Dow Jones Industrial Average on Thursday had the biggest intraday loss since the market crash of 1987. “Gold is the first level of safe-haven appeal,” said Adam Klopfenstein, … Gold futures for June delivery rose $13.10, or 1.1 percent, to $1210.40 an ounce on the Comex in New York on Friday. The price has climbed 10 percent this year. The all-time high is $1227.50. Bloomberg …

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