Gold breaks a new record at $1526 an ounce...

By @ibtimes on

Gold marked a new record today at $1530.17, after the Feds announced inew projections regarding economic grwoth, unemployment and inflation for year 2011, 2012 and 2013.

we must note, that new inflation projections led the Gold high, since gold is considered as a safe haven for investors, where Gold benefeted from the weakend U.S dollar to break a new record, since dollar declined following the Feds announcment of lowering growth ecpectaations.

Meanwhile, Gold reached its highest at $15830.17 levels an ounce, while its lowest at $1502.92 levels an ounce, since opening at 1508.46 levels an ounce, noting Gold is trading now at $1526.92 levels an ounce.

Data as of 08:35 PM GMT.

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