Gold hits New record high near $1,500/oz

Gold hits New record high near $1,500/oz



Gold prices rallied toward record highs near $1,500 an ounce today amidst inflation concerns in China debt crisis in Europe and the Standard & Poor's downgrading its credit outlook for the United States Gold hits an all-time high of $1498.9
At the New York market.While In London, prices are stable at $1493.9 it's a combination of factors that is propelling the Gold , the dollar decline, rising crude oil prices unrest in the middle east and worries about sovereign debt problems in Europe.