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Gold Prices Hit All-Time High

Investors hedge against inflation in all currencies

By Kevin Spak, Newser Staff

Posted Oct 6, 2009 12:04 PM CDT

(Newser) – Gold leapt to $1,038 an ounce today, the highest price on record, as investors bet that global stimulus efforts and rate cuts will cause rampant and widespread inflation. The precious metal’s on pace for its ninth straight positive year; the previous record was... Read full story »

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Gold Prices Hit All-Time High

Investors hedge against inflation in all currencies

inflation • market • gold • commodities

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More Newser Stories

Gold Hits Record $1K per Ounce

Slumping US economy, dollar sends investors to shiny commodity

Nervous Investors Scoop Up All the Gold They Can

It's at a record high, with no sign of slowing down

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Gold to guns, scribe says there's profit to be made off right wingers

For Investors, Silver Trumps Gold

Versatile metal gets better returns thanks to industrial buyers

2008 Inflation Slowest in 50 Years on Oil Prices, Economy

Slow spending, sliding energy costs lead to 0.1% CPI increase last year

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