Emas Naik Lagi USD 1757

Emas terus naik lagi kerana sentimen pelabur yang membeli emas dengan banyaknya sebagai langkah selamat disebabkan kebimbangan terhadap situasi ekonomi yang tidak menentu di US dan Eropah serta kemungkinan kemelesetan ekonomi global.



Gold Tops Record $1,750 as Investors Seek Haven

Gold futures exceeded $1,770 an ounce for the first time as the global rout in equities and commodities deepened on concern the economic slowdown will worsen after Standard & Poor’s cut the U.S. credit rating.

Gold for December delivery in New York advanced as much as 3.6 percent to a record $1,774.80 an ounce and traded at $1,759.40 at 2:56 p.m. in Melbourne. Immediate-delivery gold rose as much as 3.1 percent to an all-time high of $1,772.38. Gold was costlier than platinum for the first time since 2008.

The precious metal has surged 23 percent this year, heading for an 11th year of gains, as the global sovereign-debt crisis and a faltering economy boost demand for wealth protection. Gold holdings had their biggest daily advance since May last year as of Aug. 8. John Paulson, who made $15 billion betting against subprime mortgages, is still the biggest investor in the largest exchange-traded fund backed by bullion.

“The market is now worried about another global recession,” Natalie Robertson, a commodity analyst at Australia & New Zealand Banking Group Ltd., said by phone from Melbourne. “The S&P downgrade of the U.S. credit rating has fueled a lot of those concerns and the market is also focusing on the European situation.”

Holdings in exchange-traded products backed by gold surged 1.4 percent to a record 2,216.8 tons on Aug. 8, data compiled by Bloomberg show, an 11th straight gain. Gold futures jumped $61.40, or 3.7 percent, yesterday to settle at $1,713.20 an ounce, the biggest gain since March 19, 2009.