LONDON – Record-breaking gold will likely surge past $1,600 per ounce for the first time later this year, driven by fears over high inflation and low global interest rates, consultancy GFMS forecast Wednesday. “We would not be surprised … to see gold break through $1,600 before the end of the…
NEW YORK — Oil sold in New York crossed the symbolic $100 a barrel level Wednesday, hitting prices not seen since 2008, amid fears over supplies from Libya. As traders panicked that political chaos could spread further in the Middle East, the main US contract reached $100 a barrel for…