Peak gold?

The impulse to hoard bullion as a hedge against inflation is one that many seem to find hard to resist, but the notion the world is running out of the stuff is not
As the price of gold hits an all-time high there is a view that rising inflation, a weak US dollar and private investment in the metal could push it even higher
Global Markets Overview: Gold hit another high and Wall Street drove to a fresh peak for the year before retreating on concerns over Friday’s US non-farm payrolls
Investors race to buy American coins
European and US equities challenge year’s highs
Bullion drives towards $1,200 mark
Precious metal continues last week’s rise
Bullion prices are famously volatile. The current financial crisis has seen further fluctuations as buyers have rushed to acquire gold as a safe haven but also sold the precious metal to cover losses in other markets. Use the interactive timeline to see which economic and political events have driven the price of gold from 1900 to the present day

The impulse to hoard bullion as a hedge against inflation is one that many seem to find hard to resist, but the notion the world is running out of the stuff is not
Gold purchases do nothing to change the monstrous growth of reserves in surplus nations, particularly in Asia, which means they also do nothing to address the global macroeconomic imbalances that leaders profess to worry about
All that underpins fiat currencies is the belief that governments are credible, and that belief is being tested to its limits, writes Gillian Tett
Peter Munk says the global economy will recover but individual investors have been traumatised, boosting the appeal of gold as a hedge
Ten years ago the UK Treasury sent gold prices tumbling when it announced it would sell a chunk of its gold reserves. A decade later the picture looks different – sales in Europe have slowed to a crawl and fresh demand is emerging elsewhere
The yellow metal is a hedge against the chance that the world’s central banks will prove no better at preventing high inflation than they were at choosing when to sell gold
A look at what’s behind the global rise in popularity of the metal
The agreement to limit gold sales expires this year and any changes could prove unsettling