Gold marks a new record high at $1569.16 an ounce...

By @ibtimes on

Gold marked a new record high today at $1569.16, amid investor return to Gold as a safe haven against inflation, where Europe released data today confirming rising inflation in the countries, increasing concern over a near interest rate hike during the upcoming period.

In addition, weakened U.S dollar pushed up Gold to new record high, as the dollar declined to its lowest since July 2008, to reach its highest at $1569.16 an ounce, and lowest at $1351.69, since opening at $1535.00, noting Gold is trading now at $1560.61

Data as of 20:35 GMT.

Join the Discussion