Gold soars above $900 on safe-haven demand

Asheron

NEW YORK (MarketWatch) -- Gold futures rallied above $900 an ounce Friday to their highest level since early October, as worries about the global economy and markets prompted investors to seek a safe haven.

http://www.marketwatch.com/news/story/Gold-hits-three-week-high/story.aspx?guid=%7B4A3330C6-CAC2-44CD-A7B0-FB1EAD63C538%7D

jon3001

Gold stays solid as currencies soften
http://www.moneyweek.com/investments/gold-stays-solid-as-currencies-soften-14519.aspx

The longer-term outlook for the dollar is clouded by the fact that aggressive Federal Reserve moves to boost the economy look set to devalue the currency by creating inflation. Indeed, no country wants a strong currency in this global downturn, and all central banks may be tempted to inflate away their debt, says David Hale of David Hale Global Economics in the FT. Enter "that ancient form of money" and ultimate store of value: gold. Precious metals consultancy GFMS expects a new record high above $1,000 an ounce as investors begin to worry about the collapse of the dollar in America and alternative currencies continue to grapple with problems of their own.