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After weeks of strong signals that it was ready for a surge upwards, Gold finally broke through not only several levels of resistance, but the all-important psychological barrier of $1000 and has soared to a new all-time high of $1,038 per oz.
Since early last year, gold has attacked the $1,000 per oz. price level numerous times, and now has succeeded in breaking through the $1,000 per oz. barrier handily.
Gold today (October 6th) rose to a record on speculation that inflation will accelerate and erode the value of the dollar, boosting the appeal of the precious metal for investors seeking to preserve their wealth.
Gold futures climbed as high as $1,038 an ounce in
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