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Commentators on CNBC talk about gold hitting $2,400 an ounce, which would be a genuine record (the previous high of $850 in 1980 would be about $2,300 today, adjusted for inflation).
Your gold columnist, Larry Edelson, sees no problem with gold hitting $338, possibly even $375.
Commodities also rallied, with gold hitting a new record high as the U.S. dollar touched its lowest level in 15 months.
Similar(57)
Gold hit another high.
Gold hits a record high — $1038 an ounce!
Gold hit a fresh record high of $1,820.89 an ounce.
Gold hit a year high of about $1,235 an ounce.
The price of oil rose and gold hit a five-and-a-half-year high.
On Tuesday, an ounce of gold hit $929.30, up from $665 a year ago.
Gold hit nearly two-year highs this week, partly as a result of the Brexit vote.
Gold hit a record high of nearly $1,250 an ounce, before falling back to $1,219.
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