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Gold Within Reach of New Record Nominal High

Commodities / Gold and Silver 2011 Jun 07, 2011 - 07:50 AM GMT

By: GoldCore

Commodities

Gold and silver are higher again today with the U.S. dollar and yen in particular under pressure as concerns about the outlook for growth in Japan, the UK, the EU and the U.S. deepen. Gold reached new record nominal highs in sterling yesterday at £949.83/oz on concerns about the UK economy.


The risk of contagion in the Eurozone remains and could see the single European currency project unravel which would negatively impact on the global financial and monetary system.

Cross Currency Rates

SILVER
Silver is trading at $37.41/oz, €25.50/oz and £22.76/oz.

PLATINUM GROUP METALS
Platinum is trading at $1,819/oz, palladium at $804/oz and rhodium at $2,275/oz.

GOLDNOMICS - CASH OR GOLD BULLION?



'GoldNomics' can be viewed by clicking on the image above or on our YouTube channel:
www.youtube.com/goldcorelimited

This update can be found on the GoldCore blog here.

Yours sincerely,
Mark O'Byrne
Exective Director

IRL
63
FITZWILLIAM SQUARE
DUBLIN 2

E info@goldcore.com

UK
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LONDON 2
EC3V 3ND

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W www.goldcore.com

WINNERS MoneyMate and Investor Magazine Financial Analysts 2006

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