Gold tipped to test all-time high

THERE are signs gold will hit fresh highs in the coming weeks, with the precious metal today trading back above the $US1900 an ounce mark, fuelled by rumours of a double-dip recession in the US and fears the European debt crisis may worsen.

Gold tipped to test all-time high Gold tipped to test all-time high Gold tipped to test all-time high Gold tipped to test all-time high Gold tipped to test all-time high

Gold shot to a high of $1903.48/oz this morning after opening at $1900.23/oz.

Last month, the gold price surged 18% from $1619/oz at the start of August to a record high of $1912/oz on August 23.

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