Live Precious Metals Prices

Tuesday, January 8, 2008

Gold hits all time high in Tuesday trading

The price of gold hit an all-time high Tuesday, with futures for the precious metal surpassing US$875 an ounce.

On the New York Mercantile Exchange, an ounce of gold for February delivery peaked at US$879.40.

Prices later dropped slightly to $877.20, but still marked an increase of $15.20 during morning trading.

The previous record was set in 1980 when gold hit $875 an ounce, The Canadian Press reports.

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