Gold fever as price hits new high

Updated: 2011-08-10 14:57

(chinadaily.com.cn)

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Gold futures on the COMEX division of the New York Mercantile Exchange rallied on Tuesday, sending gold prices to a new high, after the US Federal Reserve said it will keep interest rates low "at least through mid-2013," which lowers the opportunity cost for gold investors.

The most active gold contract for December delivery added $29.80, or 1.7 percent, to $1,743 per ounce, the highest closing in history.

Here are some unexpected things made of gold:

Gold fever as price hits new high

Ryota Mizoguchi, of Japanese automotive accessories company D.A.D, checks a Mercedes-Benz SL 600 covered by 300,000 Swarovski gold shadow crystal pieces, designed by D.A.D, at Makuhari Messe in Chiba, east of Tokyo, Jan. 15, 2010. [Photo / CFP]

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