Gold and the Aussie
by, 2nd-October-2007 at 07:44 AM (2479 Views)
THE Aussie dollar smashed through US89c to an 18-year high, as growing fears of a recession in the US pushed the greenback close to record lows against most major foreign currencies.
Worries about the possibility of a recession in the US sparked a further surge in demand for gold and silver. Gold for immediate delivery rose to $US745 an ounce, close to its 27-year high.