Gold Jumps to 18-Month High As US Dollar Tumbles Further

CNBC ^ | 9/17/2009 | Staff

[Red in Blue PA]

Gold hit an 18-month high Wednesday as the dollar slid near one-year lows against the euro, sparking buying of the yellow metal as an alternative asset and helping lift silver and platinum to multi-month peaks.

Spot gold remained sharply higher at $1,017.65 an ounce into late New York dealings, compared with $1,005.90 on Tuesday. Wednesday's high of $1,020.50 an ounce was last reached in March 2008.

In New York, December gold finished $13.90 higher, a 1.38 percent gain, at $1,020.20 an ounce on the COMEX division of the New York Mercantile Exchange. The contract reached a high at $1,023.30 an ounce, unseen since July 2008.

[rightwingextremist1776]

And so it begins...next stop...double digit interest rates...

[scooby321]

would you want to buy a dollar with Zero’s deficit Spending?

[LibLieSlayer]

I vow to help rebuild America when this a$$clown and his commies finish destroying it... I hope enough of us survive all of this “hope and change”.

LLS

[tgusa]

So - how’s that ‘hopey changey’ thing working out for ya?

[Red in Blue PA]

Guns & Ammo!

[calex59]

So now we not only have a jobless recovery we have a dollarless recovery also.

[TADSLOS]

but...but...but... Bernake said....