record gold prices

Gold Hits New Record Above $1,800

The precious yellow metal soared again Wednesday, rising above $1,800 an ounce for the first time as investors fled stocks for safer assets. The Dow closed down more than 500 points, erasing Tuesday's gains.

Will Mideast Turmoil Hoist Gold to a New High?

Gold bugs love bad news, and civil war in Libya, Africa's third-largest oil producer, couldn't have come at a better time. After dropping a hundred bucks in January, February's upheavals have hoisted gold back within striking distance of nominal all-time highs.

Stocks Soar on Services Growth and Japan's Rate Cut

The Dow surged nearly 200 points, while inflation fears propelled gold to another record close. The Institute for Supply Management said its services index rose to 53.2 last month from 51.5 in August. Economists had expected the measure to rise to 52.

Dow Ends Strong Week
With Wee Gains

Stocks closed ever-so-slightly higher Friday as traders weighed some better-than-expected earnings news and inflation data against slumping consumer sentiment.

Gold Takes a Breather After Record High

Gold is wavering Wednesday after closing at a record high in the previous session. Prices have risen sharply over the past three weeks as the euro has come under pressure.

Where's All the Gold? Start With the U.S. Fed

Investors are piling into gold bullion, gold coins, gold-focused mutual funds and ETFs -- and who can blame them? With the world awash in more than $200 trillion in debt, it's not unreasonable to question the long-term value of fiat currency like the dollar.

A New Record High for Gold

Thank the Incredible Shrinking Dollar. The Federal Reserve wants a cheap buck to help boost exports and create jobs, but so far it's just made central banks and institutional investors at home and abroad feel pretty stupid holding rapidly depreciating greenbacks. So, they're dumping dollars and hording gold.