Gold Price Hits New Record

The spot price of gold hit a new high on July 13. At press time, it was trading at $1,587 an ounce.

The gold price
first crossed the $1,500 barrier in April
.

Analysts attributed the metal’s rise to the desire for a
safe haven after the Federal Reserve announced it was considering more
“qualitative easing.”

At press time, the price of silver had also risen, to $38.24
an ounce, the price of platinum to $1,770 an ounce.