GOLD CENTURY

[Picassa]

Gold Continues Rise in Dollars, New Record in Euros

Gold is the strongest currency in the world today and has risen to $1,220/oz and over €1,000/oz with a variety of macroeconomic and geopolitical headwinds supporting the yellow metal.

These include geopolitical risks in the Koreas and in the Middle East, the macroeconomic risks posed by the continuing sovereign debt crisis, concerns about the euro and growing concerns about a double dip recession.

Risk aversion has increased with equity markets internationally under pressure due to the poor Chinese manufacturing data and continuing sovereign debt concerns in the eurozone.

Gold is currently trading at $1,222/oz and in Euro, GBP, CHF, and JPY terms, at €1,007/oz, £845/oz, CHF 1,428.58/oz, JPY 110,933/oz respectively.

http://seekingalpha.com/article/207827-gold-continues-rise-in-dollars-new-record-in-euros