Gold Prices continued to hit new 27-year highs during the first-half of US trade on Thursday, gaining 1.6% from lunchtime Wednesday to close the day in London at $752 per ounce.
Gold Priced in Euros also rose sharply, even as the Euro moved higher against the Dollar on the forex market.
Analysts claiming that gold and the Euro are moving together will have missed Thursday's 1% rise in gold vs. the single currency.
Indeed, the most spectacular move in gold came for British investors wanting to Buy Gold Today. They saw the metal gain more than 2.0% from Wednesday's close in London, hitting a new 17-month high just a few pence shy of £370 per ounce.
It wasn't just gold that moved sharply higher, however. The FTSE100 stock-market index in London also shot up on Thursday, adding nearly 1.4% for the session to close within a few points of a new 7-year top.
Crude oil broke back above $82 per barrel, platinum hit a new all-time high, and US stocks rose 0.6% on the S&P index after Wal-Mart raised its third-quarter earnings forecast.
Gold Prices had already risen ahead of the US open, when new data showed import prices rising 5.2% in Sept. from a year earlier – a clear and sudden symptom of the US Dollar's drop to all-time record lows last month.
Import price inflation in the year to August had stood at only 1.9%.
Added to a slight fall reported in the US trade deficit, plus a lower-than-expected jobless figure for last week, those numbers pushed 10-year US bond prices lower, forcing yields 5 points higher to 4.70%.
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