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Message: Gold hits record highs in euro, sterling terms

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Gold hits record highs in euro, sterling terms

posted on Jan 23, 09 03:23AM

This is one of todays Kitco articles. It seems that Europeans are seeking gold as a shelter for the moment.

LONDON, Jan 23 (Reuters) - Gold rallied to record highs on Friday in both sterling and euro terms as volatility in the equity and currency markets prompted buying of gold as a haven from risk.

Gold priced in euros <XAUEUR=R> rose to a record high of 685.70 an ounce, up from a previous high of 685.37 reached in October. Sterling-priced gold <XAUGBP=R> climbed to an all-time high of 648.51. (Reporting by Jan Harvey; Editing by Peter Blackburn)

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