As Oil Hits $100, Gold Breaks 28-Year Record

Source:

Gavin Graham, Chief Investment Officer at the Guardian Group of Funds, told Canadian Business Online that the price increases in gold stocks indicates that investors realize that higher gold prices are not "just a blip."

Gold was the first commodity in the New Year to set a new record, hitting $861.30/oz on the NYMEX to break a 28-year record as news of manufacturing sector declines, combined with $100 a barrel oil, boosted gold and other commodities.

Shares of top gold miners also hit records, as oil prices briefly hit $100 a barrel for the first time.

...Gavin Graham, Chief Investment Officer at the Guardian Group of Funds, told Canadian Business Online that the price increases in gold stocks indicates that investors realize that higher gold prices are not "just a blip."

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