افزایش بیسابقه طلا طی ۲۷ سال گذشته در پی کاهش دلار وافزایش قیمت نفت خام
Gold Reaches 27-Year High on Dollar Weakness, Higher Oil Price
By Glenys Sim
Oct. 19 (Bloomberg) -- Gold reached the highest since January 1980 as the dollar fell to a record against the euro and crude oil rallied. Silver also gained.
The dollar traded at $1.4292 per euro at 8:46 a.m. in Singapore from a record $1.4310 in New York yesterday. Oil touched a record $90.02 a barrel. Gold, which often moves in line with oil, is favored as hedge against inflation, while a weaker dollar boosts its appeal as an alternative investment.
Bullion for immediate delivery rose as much as $2.90, or 0.4 percent, to $771.10 an ounce, and traded unchanged at $768.20 at 8:49 a.m. Singapore time. The precious metal reached a record $850 an ounce in January 1980.
Silver for immediate delivery gained 0.2 percent to $13.83 an ounce.
Gold futures for December delivery touched a 27-year high of $776.90 an ounce on the Comex division of the New York Mercantile Exchange, and traded at $773.60 an ounce at 8:54 a.m. in Singapore. In Japan, gold for delivery in August was up 0.2 percent at 2,875 yen a gram ($776 an ounce) on the Tokyo Commodity Exchange.
The dollar has lost 0.7 percent this week against the euro and 1.7 percent versus the yen on speculation the housing slump in the world's biggest economy is worsening.
Oil climbed on the weaker dollar and on concern supplies from northern Iraq may be disrupted if Turkey takes military action against Kurdish rebel bases in the region.
Oil for November delivery was at $89.53 a barrel in after- hours electronic trading on the New York Mercantile Exchange at 8:55 a.m. in Singapore.
To contact the reporter for this story: Glenys Sim in Singapore at gsim4@bloomberg.net
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