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Tuesday, April 5, 2011
GOLD has surged to a record high and silver hit a new 31-year peak as investors' desire for safe havens trumped news of a Chinese interest rate increase.
The most actively traded gold futures contract, for June delivery, rose $US19.50, or 1.4 per cent, to settle at a record $US1452.50 a troy ounce on the Comex division of the New York Mercantile Exchange. Thinly traded nearby April gold gained $US19.60, or 1.4 per cent, to settle at a front-month peak of $US1451.80.
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