Gold Jumps to New Record on $100 Oil, Strong US Inflation, and Fed's Promise of More Rate Cuts

The Gold Price in Euros also rose to new highs above €642 while platinum fell $20 to $2120, and copper fell a couple of cents to about $3.71. Gold and silver equities steadily rose for most of trade and ended with about 2% gains. The three major mining indices (XAU, HUI, GDM) sit roughly 3-5% from making new record highs of their own. Previous record high closes were set on Jan. 14th.