Source Pravda.Ru

Gold surges to record, US dollar drops

41666.jpegGold surged to a record, extending its rally, as the dollar's drop spurred demand from investors for wealth protection. Silver advanced to a 30-month peak and platinum to the highest level since May.

Gold for immediate delivery advanced 0.4 percent to an all- time high of $1,280.80 an ounce and traded at $1,280.75 an ounce at 3:01 p.m. in Singapore. Futures for December delivery climbed to a record $1,282.30 an ounce. Cash silver reached a high of $20.9587 an ounce and platinum $1,620.75. Should silver exceed $21.355, it will reach the highest in about 30 years, Bloomberg informs.

The gold/silver ratio, used to measure the ounces of silver needed to buy an ounce of gold, has been on a steady decline since late August. It stood at a nearly 8-month low of 61.27, way below the average of 64.38 over the past 28 years.

Spot platinum hit an intraday high of $1,617.5, within sight of a near 4-month peak of $1,618 hit in the previous session. Platinum is on course for a weekly gain of 5 percent, the sharpest in 8 months, Reuters says.

 

Years of diplomatic conflict resolution efforts in Syria produced no breakthroughs. Washington and its imperial partners want endless war and regime change, not peace.

Russian Foreign Ministry on Syria, Ukraine and Britain

The British public made a mistake two years ago, easily led by a campaign of false promises and lies. Today REMAIN would win 60%-40% at the very least.

We, the People of Britain, do not want Brexit

Years of diplomatic conflict resolution efforts in Syria produced no breakthroughs. Washington and its imperial partners want endless war and regime change, not peace.

Russian Foreign Ministry on Syria, Ukraine and Britain