World Gold Fix Market Prices and Metals NewsFriday 1st February 2008
Gold is still climbing on the back of the Fed decision to cut interest rates a further 1/2 point on Wednesday this week. Again topping earlier highs this week the Gold Market price reached a record breaking $934.80 for the Gold metal. The London Gold Market Price this morning fixed at £468.75 ($933). The US Dollar nearing record lows is also helping boost the Gold Fix price.
Gold breaks $920 and Ounce in NY on Fed OutlookFriday 25th January 2008
Before the Fed US interest rate decision that will be made next week Gold has breached $920 an ounce in early New York trading. It seems expected that the Fed will cut interest rates again next week as they did by 3/4 points this Tuesday 22nd Jan 2008. The recovery of Wall Street this week has also helped to backup Golds position. Gold has beaten its all time record price of around $916 an ounce that was set earlier this year today by edging towards $923 - $924 in NY trading.