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Gold Climbs to Record in ‘Flight to Safety’ as Silver Reaches 31-Year Peak

April 6 2011, 08:28

FMX | Connect – www.fmxconnect.com - (Reported 4/6/2011)

Gold Climbs to Record in ‘Flight to Safety’ as Silver Reaches 31-Year Peak

By Bloomberg

Gold gained to a record for a second day in London and New York as investors bought the metal on concern interest-rate increases will curb global growth and as the dollar slumped against the euro. Silver advanced to a 31- year high.

The euro rallied to a more-than 14-month high versus the greenback before the European Central Bank meets tomorrow to decide on interest rates. China raised rates yesterday for the fourth time since mid-October to restrain increasing consumer prices. For full article, click here.

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