Financial Times FT.com

Record breaking gold targets $1,000

By Chris Flood

Published: February 29 2008 12:36 | Last updated: February 29 2008 18:41

Investors in commodity markets enjoyed another record-breaking week, scaling new peaks in energy, agriculture and precious and base metals markets.

Gold moved closer to $1,000 a troy ounce as bullion hit a record $975.90 on Friday. Over the week, gold rose 2.7 per cent to $970.40, helped by dollar weakness, inflation concerns and rising oil prices.

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