USD 92.2628

-0.33

EUR 99.7057

-0.56

Brent 86.93

+0.04

Natural gas 1.752

-0

435

Gold on Its All-time Best Level

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

Gold on Its All-time Best Level

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.

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