Gold Surges to an All-Time High

Filed under: Market Matters , Commodities Spot gold in London surged to $1,230 per ounce Tuesday, hitting an all-time high. Interestingly, most of the European buying is coming from Germany and Switzerland, as concerns mount about possible inflationary pressure arising from the European Central Bank decision to start buying sovereign debt bonds. A hot, fast selling coin in Europe is the Vienna Philharmonic. The Austrian Mint has sold 108,000 ounces of these coins in just two weeks and is barely able to mint the coins fast enough. Kerry Tattersall, director told the Financial Times they are minting them “as fast as we can.” Continue reading Gold Surges to an All-Time High Gold Surges to an All-Time High originally appeared on BloggingStocks on Wed, 12 May 2010 10:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Gold Surges to an All-Time High

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