23 Apr '11, 4pm

PRECIOUS-Gold roars to all-time high for fifth straight session

On Thursday 21 April 2011, 14:32 SGT * Gold's bullish target at $1,518-technicals * Coming Up: US Unemployment claims weekly; 1230 GMT (Updates prices, adds poll) By Lewa Pardomuan SINGAPORE, April 21 (Reuters) - Bullion powered to a lifetime high for a fifth consecutive session on Thursday on a sharply weaker dollar, while lingering tensions in the Arab world, worries about the euro zone crisis and U.S. fiscal health offered additional support. Gold's decade-long bull run could continue in the next four years, though at a slower pace, with positive inflation risks partially cooled by a shift towards more normal economic conditions, analysts polled by Reuters said. [ID:nL3E7FL0K8] Silver roared to its highest in more than three decades as it tracked a rally in gold, which was also spurred by a threat of a downgrade to the United States' triple-A credit rating. The gold-sil...

Full article: http://sg.finance.yahoo.com/news/PRECIOUS-Gold-roars-time...

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Gold roars to all-time high for fifth straight

Gold roars to all-time high for fifth straight

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