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HONG KONG: Gold ended at a record high in Hong Kong on Friday as dealers moved into the safe haven amid unrest in the Middle East and North Africa, eurozine debt concerns and rising global inflation.

The precious metal closed at $1,468.50-$1,469.50, well up from Thursday's close of $1,459.00-$1,460.00.

It opened at $1,458.00-$1,459.00.

Investors were also looking to the United States where President Barack Obama is trying to pass a government spending bill, with a possible government shutdown boosting gold as it could keep Fed monetary policy easier for longer.

 

Copyright AFP (Agence France-Presse), 2011 

 

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