Spot gold surged to a lifetime high on Friday in holiday-thinned trade, hitting a record for a sixth consecutive session on a weak dollar and factors ranging from geopolitical uncertainty to inflation concerns.
Silver also raced to its loftiest in 31 years, notching the milestone for a seventh straight day and outstripping gold's weekly gains by a huge margin.
A prolonged euro zone sovereign debt crisis, unrest in the Middle East and North Africa, rising global inflation, and most recently worries over the fiscal stability of the United States and a sharply weaker dollar have fueled the record-breaking rally in these precious metals.
A prolonged euro zone sovereign debt crisis, unrest in the Middle East and North Africa, rising global inflation, and most recently worries over the fiscal stability of the United States and a sharply weaker dollar have fueled the record-breaking rally in these precious metals.
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