Gold Prices Hit Record Highs
May 13, 2010 at 04:01 AM EDT
Gold Prices Hit Record Highs Gold futures hit a record high yesterday as investors worry the Euro-Zone bailout will not be much of a fix and are turning to the metal as a safe heaven investment. Furthermore, Gold is again proving to be a popular hedge against inflation.Economic NewsUSD – USD Rises on Sign of Strengthening Economic Recovery The US Dollar rose Wednesday against the EUR and other currencies as the release of the Trade Deficit data signaled the US economic recovery is strengthening and as Euro-Zone sentiment remains negative despite the passage of the aid package. The data showed the country's trade deficit widened for the second consecutive month in March but exports jumped to their highest level since 2008, signaling improved growth…