Record Gold Trade in Euros

The gold price in cash in Euros and has touched record highs 09/06/2011 1366.65 Euros per troy ounce (intraday) and 1345.59 Euros (the close of trading on London Gold Fixing 05-09), thus surpassing previous records. The new record is because investors buy the precious metal as a haven in times of crisis.

The record price of gold in Euro (intraday) is 09/06/2011 at 1366.65 Euros.

Source of the gold price in Euros is: London Gold Fixing of London Bullion Market Association.

Previous record gold prices in Euro (intraday): from 09/06/2011 to 1366.65 Euros from 08/23/2011 to 1330.30 Euros from 22/08/2011 to 1318.62 Euros from 19/08/2011 to 1310.55 Euros from 11/08/2011 to 1280.41 Euros from 08/10/2011 to 1266.83 Euros from 08/09/2011 to 1248.79 Euros from 08/08/2011 to 1210.98 Euros from 08/04/2011 to 1188.12 Euros from 08/03/2011 to 1177.98 Euros from 08/02/2011 to 1166.74 Euros from 18/07/2011 to 1144.70 Euros from 15/07/2011 to 1125.50 Euros from 13/07/2011 to 1124.19 Euros from 12/07/2011 to 1117.84 Euros from 11/07/2011 to 1108.99 Euros from 25/05/2011 to 1087.56 Euros from 24/05/2011 to 1082.49 Euros from 23/05/2011 to 1081.22 Euros from 29/12/2010 to 1075.40 Euros. 

Previous record gold prices in Euro (On the opening day of the London market): from 09/05/2011 to 1341.14 Euros from 22/08/2011 to 1303.18 Euros from 19/08/2011 to 1299.28 Euros from 11/08/2011 to 1254.39 Euros from 08/09/2011 to 1241.76 Euros from 08/08/2011 to 1195.21 Euros (At end of day market in London) from 09/05/2011 to 1345.59 Euros from 09/02/2011 to 1318.93 Euros from 08/23/2011 to 1303.96 Euros from 22/08/2011 to 1303.19 Euros from 18/08/2011 to 1276.15 Euros from 08/10/2011 to 1246.92 Euros from 08/08/2011 to 1194.10 Euros from 08/04/2011 to 1186.10 Euros from 08/03/2011 to 1166.57 Euros from 08/02/2011 to 1147.37 Euros from 08/01/2011 to 1137.19 Euros from 18/07/2011 to 1136.70 Euros from 15/07/2011 to 1124.42 Euros from 13/07/2011 to 1121.05 Euros from 12/07/2011 to 1107.34 Euros from 11/07/2011 to 1106.88 Euros from 25/05/2011 to 1086.84 Euros from 24/05/2011 to 1082.67 Euros from 23/05/2011 to 1076.16 Euros from 29/12/2010 to 1075.37 Euros from 12/06/2010 to 1065.86 Euros.

Other factors favoring the purchase of gold Global demand for gold bullion and coins in 2010 reached the highest level since the collapse of Lehman Brothers in 2008, as investors, especially in Germany, Austria and Switzerland, seeking refuge from the volatility of financial markets Europeans. The purchases were exceptionally high in the case of German and Swiss investors. The increase appears to be a great concern in Germany about the possible inflationary impact of the decisions of the ECB.Michael Kramer, the president of Manfra, Tordella & Brookes, a leading coin dealer in New York, said: "Demand has been high abroad. Most have gone to Germany. " Edel Tully, precious metals strategist at UBS in London, said:"The demand for coins is so high that the proposal has problems to cover." UBS, one of the largest banks bullion dealers in the world, said its sales tables Geneva and Zurich had experienced increased demand for coins and small bullion since 2008 on Thursday (05/06/2020), when ensued in the markets fear of contagion in the euro zone. The Austrian Mint has sold in the last 2 weeks of June 2010 some 108 000 ounces of coins from the Vienna Philharmonic, over the 89,000 ounces sold in the first 3 months of 2010. Its marketing director said: "We have increased third production, so we worked 24 hours a day." Outside the eurozone, traders explained that the demand was also high in North America. Since 2008, an increasing number of investors opting for gold. Gold traditionally rises during times of financial distress or weakness of the devises.According to GFMS, the London-based precious metals consultancy, global investors, led by the USA, acquired in 2009 a record 228.5 tons of gold coins and bullion, compared to 77.4 tonnes in 2000.