USD 64.3455

+0.09

EUR 71.0503

+0.2

BRENT 58.97

+58.97

AI-92 42.27

+0.11

AI-95 46.03

+0.1

AI-98 51.83

+0.01

Diesel 46.13

-0.02

21

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.