The gold price has traded at $1000 an ounce for the first time as the weak US dollar and fears about the US economy prompt investors to buy the precious metal.
The value of gold has increased by about 20% since the beginning of the year, after it rose 32% in 2007. Meanwhile, the oil price reached a new high today above $110 a barrel and agricultural commodities also rose. IFAonline
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
