Interpreting | 2009.09.09
Gold Price Breaks Through US$1000 Barrier as Investors Seek out Wealth Preservation
NEW YORK--(BUSINESS WIRE)--The gold price today broke through the ‘symbolic’ $1000.00/oz mark reaching $1004.50 on the 11 a.m. London price fix, and topped $1007 during morning trading. Before early September, the highest 2009 price was on February 20 when gold fixed (in the afternoon) at $989, and it has traded in the range $870 to $993 ever since, with an average price over that period of $879. The rise translates to an annual increase of more than 21 percent on the average pr
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