Gold broke through USD$880 last night on more safe haven investment. With the current political and economic environment looking less and less positive, more investors are moving in to Gold as a safe haven. As this demand increases so to will the price.
Oil prices moved back up to near $97/barrel again with the increased threat of violence in Nigeria and the expected drop in US crude holdings.
With the increased tension between the US and Iran in the Persian Gulf, many people are looking to protect their interests in case of further incident.
The Financial Times has just released an article about gold being the new global currency - here
