The big banks for precious metals have been meeting daily to set prices since 1897. Now, gold has set an all-time record of $1518.20 an ounce, and silver's approaching the so-called "psychological barrier" of $50 an ounce. Both approached record highs today and then dropped off a bit as the dollar increased in value. Peter Coy is Economics Editor for Bloomberg BusinessWeek.
Gold and Silver Prices Near Record Highs
Hey! Did you enjoy this piece? We can’t do it without you. We are member-supported, so your donation is critical to KCRW's music programming, news reporting, and cultural coverage. Help support the DJs, journalists, and staff of the station you love.