Yesterday, I wrote about the new all time high record that gold made:
Gold Reached New All Time High Record: 17 June 10
Yesterday’s record was only 3 or so dollars more than the previously reached record: but on the last business day of this week, gold reached new all time high heights and this time, the record is approximately $10 more than the previous record level.
So I believe the experts, who thought that gold price may reach $1300/ounce soon, were quite right then ? : )
On Friday, 18th of June 2010, gold rate has reached approximately $1263 per ounce level. Please note that you may see different figures at different sites: when it comes to the highest price reached by gold during the trading session then it is little hard to find the exact figure.
Anyway, gold seems to be unstoppable: new buyers are investing money in this metal rather than investing in other opportunities: the Europe dept issue and recent jobless reports of US can be a reason for buyers turning their backs on stock markets : )
Closing rate of gold is approximately: $1258/ounce
Will I invest my money in the yellow metal in the current scenario?
Let me think: hmm… I think I will not buy gold at the current price : ) You never know when buyers decide to make profits and start to sell their share of gold.
