Gold hits record above $1,160 on inflation worries
SINGAPORE, Nov 23 (Reuters) - Gold powered to another record above $1,160 an ounce on Monday as growing worries about inflation and global economic uncertainty offset a rebound in the U.S. dollar.
Cash gold XAU= jumped as high as $1,161.80 an ounce in thin trade due to the absence of Japanese speculators, while U.S. COMEX December gold futures GCZ9 hit an intraday high of $1,162.50. (Reporting by Lewa Pardomuan; Editing by Clarence Fernandez) ((lewa.pardomuan@thomsonreuters.com; +65 6870 3834; Reuters Messaging:lewa.pardomuan.reuters.com@reuters.net))
© Thomson Reuters 2010 All rights reserved
Economy seen growing at 7.2 pct in FY10 - govt
The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget. Full Article
Greek crisis sets euro zone enlargement back
The Greek debt crisis has dealt a setback to prospects of enlarging the euro zone by highlighting the difficulties of managing the single currency area. Full Article
India
US
UK
