- Published: Tuesday, 14 September 2010 19:44
- Written by E&MJ News
Increased uncertainty about the economic recovery pushed gold prices closer to record highs recently. At the end of August, Comex gold for September delivery closed at $1,248.30/oz. That was the highest recent price since June 28, when it reached $1,261/oz. According to the E&MJ Price Index, gold prices rose 6.7% during August. Since May, the average monthly price has hovered around the $1,200/oz level. So far, the cumulative average price for 2010 is $1,166.07/oz. Gold prices averaged $972.35/oz in 2009.