Gold, silver and platinum extend record streak [CNBC]
SOCIETE GENL FRNCE S/ADR (SCGLY)
NASDAQ:AMEX Investor Relations:
societegenerale.com/en/investors
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Source: CNBC
Gold ?broke above $4,500 an ounce for the first time on Wednesday while silver and platinum also marked new record ?highs, as safe-haven demand and ?expectations of further U.S. ?rate cuts next year fuelled speculative interest in precious metals. Spot gold was up 0.1% at $4,493.76 per ounce, after marking a record high of $4,525.19 earlier in the session. U.S. gold futures for ?February ?delivery climbed 0.3% to $4,520.00. Silver hit an all-time high of $72.70 ?and was last up 0.9% at $72.09 an ounce, while platinum peaked at $2,377.50 before paring gains to stand 0.3% higher at $2,282.70. Palladium was down 2.5% at $1,815.25, retreating after touching its highest in three years. “The lack of any ?bearish factors and strong momentum, all backed by solid fundamentals, which include continued central bank buying, a falling U.S. dollar and some level of haven demand,” is supporting gold, said Fawad Razaqzada, market analyst at City Index and FOREX.com. “Other base metals like
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