Gold Price Soars Past $1,400 Again

The gold price broke the $1,400 an ounce barrier again on Friday, Dec. 3, in
what analysts called a reaction to the recent report from the Labor Dept.
that unemployment has hit 9.8 percent, the highest level in months.
 
At press time, the price of gold was trading at $1,405 an ounce.
 
Gold hit a record $1.410.10 an ounce on Nov. 9, but for most of November it has
traded below the $1,400 benchmark, at one point hitting $1,330.
 
Silver has also traded at what are considered historically high levels.  At
press time, it was trading at $29.20, and analysts are debating whether
it will crack the $30 benchmark.