THE TELEGRAPH: Gold and platinum have hit new all-time highs as investors piled into a wide range of commodities in response to a weakening dollar and inflation fears.
Precious metals and natural resources saw gains across the board as investors searched for an alternative to flagging stock markets. Trading in gold was given a further boost by the start of futures trading in the precious metal in Shanghai. Enthusiastic Chinese traders sent the price of the most actively traded June contract soaring.
John Reade, a gold analyst at UBS in London, described the start of trading in Shanghai as "the biggest event in the gold market since the launch of the gold exchange-traded funds". Gold and platinum shine as dollar loses lustre >>> By Tom Stevenson
Mark Alexander (Paperback)
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