Gold Price Hits New Record High Of $1,587 Per Ounce, Silver Gains More Than 5% To $38.30 Per Ounce

- Gold Rises to a Record as Debt, Growth Concerns Spur Demand as Alternative (Bloomberg, July 13, 2011) - Gold price hits record high (Guardian, July 13, 2011): Fears over inflation and European debt drive price of gold to $1,587 an ounce The gold price reached record highs on Wednesday as investors scrambled for safe [...] continue reading the breaking news