Gold prices hit a record above 1,100 dollars on Monday with the dollar weakening after a pledge by G20 countries to keep economic recovery pumped up with easy money.
In morning trading here, gold struck an all-time peak of 1,109.50 dollars an ounce as the euro rose to 1.50 dollars for the first time in two weeks.
That is not good news. The dollar is also not performing well against the Japanese yen. This does not bode well for Japan travelers or those who want to purchase Japanese goods such as Godzilla toys.
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How's that hope and change with that printing-press money working out for you?
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