The leading miner will exclusively provide the metal to produce the 4,700 gold, silver and bronze medals at the London 2012 Olympic and Paralympic Games.
Spot gold has touched $963.40 an ounce, breaking yet another record. The rise is attributed to oil prices peaking to $101 a barrel and the recession with the US dollar in comparison with the euro, increasing the gold’s appeal as a hedge against inflation. %% Markets speculate gold to touch $1,000 is not inconceivable and investors don’t seem in a hurry to sell gold. Analysts add that the sale of some International Monetary Fund’s bullion reserves was unlikely to influence a dip in gold prices as it would be carried out in stages and in limited quantities. %% Also, silver prices have touched their peak to $19.43 an ounce since 27 years. Spot platinum has reached $2,165 an ounce, although unlike silver and gold it dipped from last week’s $2,192 an ounce.
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