- High Marks for Strayer Educati
- Growing Pains for Chipotle
- London shares rally, focus on
- World markets mixed on Preside
- Wall Street faces fury over su
- Stocks end lower amid inflatio
- Market off as oil jumps above
- US Investors unsettled by oil
- FTSE edges higher as Barclays
- Europe resilient in face of ba
- Japan stocks fall on subprime
- Stocks bounce higher as bond w
LONDON (AFP) - Gold and platinum prices struck fresh record highs on Friday as investors rushed once more to invest in commodities amid a recovery on global stock markets, analysts said.
On the London Bullion Market, gold surged to an historic 919.80 dollars per ounce.
Platinum reached an all-time peak of 1,634.50 dollars an ounce on the London Platinum and Palladium Market.
The precious metals beat their previous record highs, of more than 900 dollars for gold and just under 1,600 dollars for platinum, achieved earlier this month.
"Gold and platinum surged to fresh all-time highs during early trade on Friday on the back of buoyant investment demand and in the case of platinum, of supply disruptions in top producer South Africa," said Perrine Faye of thebulliondesk.com.
"Gold should continue to rise in the near term as investors, who exited positions in gold in recent days to cover losses in equity markets, look to re-enter" the market, she added.
