USD 65.9961

0

EUR 73.2227

0

BRENT 58.69

0

AI-92 42.19

-0.01

AI-95 45.96

-0.01

AI-98 51.73

0

Diesel 45.8

-0.01

16

Gold on Its All-time Best Level

Gold hit its best level of $850 in nearly three decades on Wednesday

Gold hit its best level of $850 in nearly three decades on Wednesday as investors turned to precious metals as a hedge against inflation and a tumbling dollar.

Spot gold hit a bid high of $835.90 an ounce, its loftiest level since January 1980, before sliding to $834.90/835.70 an ounce, still higher than $820.90/821.70 an ounce late in New York on Tuesday.

Oil raced to all time-high of $98 a barrel on Wednesday on fears that falling world oil stocks and a North Sea production outage would strain supplies this winter.