{"id":268,"date":"2009-01-12T11:21:32","date_gmt":"2009-01-12T11:21:32","guid":{"rendered":"http:\/\/www.the-finance-zone.co.uk\/?p=268"},"modified":"2009-01-12T11:21:32","modified_gmt":"2009-01-12T11:21:32","slug":"credit-crunch-boosts-gold-trading","status":"publish","type":"post","link":"https:\/\/the-finance-zone.co.uk\/index.php\/2009\/01\/12\/credit-crunch-boosts-gold-trading\/","title":{"rendered":"Credit crunch boosts gold trading"},"content":{"rendered":"<p><!-- S BO --> <!-- S IIMA --><\/p>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"226\" align=\"right\">\n<tbody>\n<tr>\n<td>\n<div><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/newsimg.bbc.co.uk\/media\/images\/45366000\/jpg\/_45366656_006695638-1.jpg\" border=\"0\" alt=\"Pure 1,000-gram gold bars\" hspace=\"0\" vspace=\"0\" width=\"226\" height=\"282\" \/><\/p>\n<div class=\"cap\">Gold prices hit a record of $1,011 in March.<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!-- E IIMA --> <!-- S SF --><\/p>\n<p class=\"first\"><strong>Gold trading enjoyed a bumper year in 2008 as investors sought a safer place to put their cash as the credit crunch hit home.<\/strong><\/p>\n<p>The value of gold trading rose 58% to a record $20.2 trillion (\u00a313bn), according to trade body International Financial Services London (IFSL).<\/p>\n<p>The growth in turnover was partly due to the rise in gold prices in the early part of the year.<\/p>\n<p>Investors have also been attracted by its appeal as a relatively safe asset. <!-- E SF --><\/p>\n<p>Gold hit an all-time high of $1,011 per ounce in March before falling back to end the year at $870.<\/p>\n<p>Silver also fared well as investors warmed to other precious metals. Trading increased 39% to a record $2.6 trillion.<\/p>\n<p>London has the world&#8217;s largest market for gold and silver trading, the IFSL said.<\/p>\n<p>Source: bbc.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices hit a record of $1,011 in March. Gold trading enjoyed a bumper year in 2008 as investors sought<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[8],"tags":[],"class_list":["post-268","post","type-post","status-publish","format-standard","hentry","category-commodities"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=268"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/268\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}