Tuesday, September 14, 2010

Gold passes the 1,270 USD/oz mark

Today was the first day that Gold prices were over 1,270 USD/oz. This without a doubt had to be an exciting day for those that have gold bars and gold coins. Of course, only in the US because while the oz of Gold in the US was going up, in other parts of the world it was going down. This is natural since the USD has been losing value against major currencies. The oz of Gold closed at 1,271.70 USD, I am curious to know what is going to happen tomorrow. Will the oz of gold quoted in USD continue to go up tomorrow or will it scale back down?

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