Gold hit a record peak close to US$1,400 an ounce and oil struck the highest level since late 2008 this week after the US Federal Reserve agreed to pump the world’s biggest economy with fresh stimulus.
Oil was rallying “thanks to increased investor risk appetite and the weaker US dollar,†the Commonwealth Bank of Australia said in a report.
Gold hits record high, oil rallies on Fed stimulus - Taipei Times
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OIL: Oil prices rocketed, reaching two-year highs on Friday in New York. Ahead of positive US jobs data, New York crude struck US$87.22 a barrel — the highest point since October 2008. In London, Brent crude oil reached a six-month high of US$88.80.Oil was rallying “thanks to increased investor risk appetite and the weaker US dollar,†the Commonwealth Bank of Australia said in a report.
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Gold hits record high, oil rallies on Fed stimulus - Taipei Times
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