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All That Glitters: Gold Prices Soar to New Record

by WebMaster
May 14, 2010
in Business, Press Release
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May 13, 2010 /EIN Presswire/ — Diving for financial safety, investors have driven the price of gold to a new record. Wednesday the valuable metal closed at $1,242.70 an ounce, up nearly 6% since Greece’s debt crisis intensified last week.

Many investors fear the European financial bailout will weaken world currencies, and gold is being bought by emerging nations and other investors who have lost faith in the euro.

Gold also is being used as a hedge by those concerned that the world is about to experience a rise in inflation.

Read more at Gold industry Today:
Current Gold Price news – http://gold.einnews.com/news/current-gold-price
Gold Futures news – http://gold.einnews.com/news/gold-futures-exchange

Located at http://gold.einnews.com, Gold Industry Today is a service of EIN News, a global news monitoring service for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers the latest gold news from more than 7,000 news sites from around the world. The latest news updates on these topics are also available in email and RSS formats.

About EIN Presswire
The EIN Presswire press release service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals through more than 90 industry channels. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the press release live feed at http://www.einpresswire.com and the latest world news at http://www.einnews.com.

WebMaster

WebMaster

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