Gold price hits new record high

25 April 2011 09:45 am last update the price of gold has hit another record, but goldsmiths work with the rare Welsh gold is StrugglingThe prices of gold and new record highs, driven by a weaker US dollar silver and made ongoing tensions in the Middle East and North Africa.

Gold rose as high as $1,518.30 (￡ 918.70) an ounce during morning trading in Europe, before he back.

Silver briefly reached an all-time high of $49.79 an ounce before retreating to $49, still the highest since 1980.

Investors have precious metals as a haven against inflation and recent purchase was geopolitical turbulence.

Analysts say that even as high as $1600 ounce may be gold.

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the dollar could even weaker, unless it were groundbreaking comments from Bernanke "

Ong quote end Yin Ling Phillip Futures Monday was the seventh consecutive trading session rise saw the price of gold."

The price of gold has risen six in the last 10 years and 2008 more than doubled since the global financial crisis.

However, the price of silver was even more volatile, that since 2008 five times higher and 12-fold up in the ten last years.

Down in the morning in London on Monday silver was traded directly below high of $49.45, reaching it in 1980 after the Islamic revolution-related oil price spike.

' Dollar play'

"It's the dollar play," said a trader in Singapore. "There is more room for prices or go higher."

Read the most important story that a weaker dollar generally correlates with higher gold prices, as both as a safe investment are seen.

On Wednesday, the Chairman is expected of the US Federal Reserve, Ben Bernanke, the commitment of the America's Central Bank to the quantitative easing, a program for the financial markets floods with liquidity to confirm.

Which also tend to drive the value of the greenback.

Analysts say that investors who drive higher returns in the direction of gold is view of low interest rates in the United States.

"Investors expect the Fed still with low, which means that the dollar could be even weaker, unless it were groundbreaking comments from Bernanke," Ong said Yin ling of Phillip Futures.

Continue to the uncertainty in the Middle East nervous respond to investors. An escalation of violence in Yemen and Syria over the weekend has also helped to increase the price of gold.

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Concession end half price rail

25 April 2011 last updated at 07: 32 GMT older people and people with disabilities have enjoyed half price rail travel in Carmarthenshire to track users in West Wales concern at the end of half-price travel concessions expressed on commuter trains.

Carmarthenshire Council voted to remove train Wales the benefit for people aged over 60 and others with particular disabilities with Arriva.

It allows half-price travel between Swansea and Pembroke, and in the heart of Wales.

The Council said that it made the decision reluctantly in tough economic times, since Arriva refused to comment.

Rail voluntary Hywel Jones said older people "wanted to the pinch feel" in a measure to save ￡ 60,000 per year.

The Carmarthenshire pass has given people over 60 years of age or with specific disabilities the right to half-price standard single or day fares on rail travel within the County back.

It has been stopped also services from and to Swansea, Pembrokeshire and Llandrindod Wells, which began the journey or in Carmarthenshire valid on local train.

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they should older people - they are the ones who feel the pinch of apparently want to "

end quote Hywel Jones Llanwrda station voluntary Mr Jones, a rail users and voluntary at Llanwrda station in the Tywi Valley", said he was shocked by the decision.

He accepted the need for Councils, to save money, but claimed that the end of the track vulnerable populations difficult would make concession.

"Many older people hanging rail service and people on low incomes can afford a lot, a car, or maybe they are not entitled to drive caused by disease or disability," he said.

"they are the trains much."

Mr Jones cited the case of a man of Llandeilo, 32 travel Singleton Hospital, Swansea, in seven weeks of cancers made at, which benefited from half price rail travel.

He said he Carmarthenshire East and Dinefwr MP Jonathan Edwards to questions, the Council again to approach would think.

He said "they should older people - they are the ones who feel the pinch, apparently want to".

Carmarthenshire Council said it was one of the few authorities concessionaire offers rail travel, in addition to the Welsh Assembly Government travel passport free local bus travel throughout Wales to elderly and disabled people give.

A Council spokesman said the decision to remove the rail concession of 30 April "reluctantly taken was and its was brought on the basis of the hard economic constraints in the authority in these strict times".

Free travel was not affected, he added.

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Price of gold hits record $1,500

20 April 2011, last updated at 07: 30 GMT analysts are divided over whether the price much higher in the near future which is the price of gold an ounce for the first time can go over $1,500 after concerns about global economic recovery of the metal lifted vocation as a port has increased.

A Hong Kong Trade hit gold record an ounce, which dealers said was $1,500.70 on standard & poor's downgrade its Outlook on U.S. debt.

Silver also a 31-year high of $44.34 touched an ounce.

"In a Word, spectacular." "Is everything in this, government bonds, weakness of the dollar, inflation, feeding," said an analyst.

But analysts about whether the price could go higher and wait, whether trade the dynamics seen were split in Europe and the United States in Asia next.

Jonathan Barratt, in commodity broking services, said: "we see the open rally often a $20, and then a a large number pullback."

"We will see what Europe and United States to do with this." "$1.510 or $1,520 views possible, but at the same time prices start, search here a little stretched."

Darren Heathcote at Investec, said: "the market is so fickle at the moment and it would not be surprised if we saw a sell-off."

Some observers market, see gold consolidation on the current level as it to the next reason is waiting for higher pressures.

Natalie Robertson, commodities strategist at ANZ, said: "I see prices convincingly past this level in the next few days, when we very negatively see something probably for the eurozone sovereign debt not."

"But we see gold very well on the $1,490-level support," she said.

Silver continue to rise, rises a 31-year high for the fifth consecutive session.

Not only silver is seen increasingly as a port, but it increases the demand for industrial consumption.

"Silver is the $50 as the next target in the development of clear Bull," technical strategist said frog Anastasiou, UBS.

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