USD 63.2257

-0.34

EUR 70.4271

-0.03

BRENT 64.48

0

AI-92 42.39

-0.01

AI-95 46.08

0

AI-98 51.07

0

Diesel 47.99

0

27

Gold, Platium at Record on US Recession

Gold and platinum rose to records amid weaker dollar, causing increased demand for precious metals as alternatives...

Gold and platinum rose to records amid weaker dollar, causing increased demand for precious metals as alternatives to stocks and bonds.

The dollar fell as traders increased bets that the Federal Reserve will lower U.S. interest rates to avoid a recession.

Gold futures for immediate delivery rose $16.45, or 1.8 percent, to $911.85 an ounce as of 11:33 a.m. in London. It earlier reached $914.30.

Gold futures for February delivery rose $15.60, or 1.7 percent, to $913.30 an ounce in electronic trading on the Comex division of the New York Mercantile Exchange. The price earlier reached $915.90, the highest ever for a most-active contract.