Stat of the day: $1,500

The record-breaking price an ounce of gold reached today.

by Elizabeth Anderson
Last Updated: 09 Oct 2013
A modern-day gold rush has pushed up the price of gold to record levels. An ounce of gold reached $1,500 (£917) for the first time today, while silver also hit a 31-year high at more than $44 an ounce.

People are keen to invest in gold and silver because they’re seen as a safe investment while the global economy’s still fragile. The latest high came after a shock debt downgrade warning for America, which sent shares tumbling, alongside general concern about global inflation and the European debt crisis.

Analysts say gold could go up by another $20 an ounce within the next month – so if you’re thinking of investing in the metal, now’s the time. Ingot we trust, etc… 

Find this article useful?

Get more great articles like this in your inbox every lunchtime


Get your essential reading delivered. Subscribe to Management Today