Gold Taps New All-Time High

May 11, 2010 3:21 PM EDT
Gold futures continues to trade higher, last trading at $1234.60 per oz., up $33.80 on the session. Today gold reached a new all-time high.

The rise in gold is attributed to the EU monetizing the debt of Greece, which creates fears about the devaluing of fiat currencies and possible inflation.

Related ETFs and Stocks:

  • SPDR Gold Shares (NYSE: GLD) +2.6%
  • Market Vectors Gold Miners ETF (NYSE: GDX) +6%
  • Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) +6.5%
  • Physical Swiss Gold Shares (NYSE: SGOL) +2.6%
  • Barrick Gold Corporation (NYSE: ABX) +4.6%
  • Goldcorp Inc. (NYSE: GG) +6.4%
  • Newmont Mining Corp. (NYSE: NEM) 5.1%
  • Yamana Gold (NYSE: AUY) +7%

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