Tag Archive: foriegn exchange

Gold Price Per Ounce hits Near Record of $1,150 oz

Today gold prices hit a record high of $1,147.45. This coincides with a weakening of the U.S dollar with the news from the Federal Reserve that interest rates may not rise again until 2012.  Major concerns with a sluggish U.S recovery combined with possible inlation is providing support for gold. “I think what we’re seeing…