Gold reaches another record high, hitting $1,414.85 an ounce

Concern about European sovereign debt has triggered a rush to safe-haven assets, driving the price of gold to $1,414.85 an ounce. Money is shifting into gold because the euro is falling and the U.S. dollar is set to decline further, currency traders and strategists said.

View Full Article in:

Bloomberg · Globe and Mail (Toronto) (tiered subscription model), The

Published in Brief: