The daily Telegraph article It was a day that will live in infamy.
Gold was trading higher at $1,260.77 per ounce on Thursday, which is a record high for gold.
This is up from a record low of $1.22 earlier this week.
The news of the record gold prices was confirmed by a US government bond market official.US Treasury bond prices have spiked more than 400% in the last five years.
The US Federal Reserve had been warning about a looming collapse in gold prices, saying that the central bank would not be able to keep interest rates on hold for much longer, and that the gold price could fall further if prices were to surge again.
Gold futures were trading at $2,972 an ounce.
Gold prices are in a bull market, with gold’s price up more than 50% since the start of the year.
Gold has been a favourite of speculators in recent years and is worth about $1tn at current prices.
It is one of the world’s most valuable metals, and is used to make jewellery and other items.
It is a key element of the global financial system and underpinned by the US dollar, and has been widely used by multinational companies in order to buy goods and services from foreign suppliers.
Gold’s rise has coincided with an unprecedented number of major stock market crashes, with the US, the UK, China and Japan all experiencing their worst ever downturns in markets.
There are also fears that a global economic slowdown is in the making, with a US-led recession that has slowed the growth of economies around the world.
The Dow Jones Industrial Average fell 12,000 points, or 2.3%, to 17,742.93 on Thursday.
It was also down more than 25% from a 12-year high of 20,632.62.
The S&P 500 fell 2,000 point, or 0.5%, to 2,532.94.
The Nasdaq Composite lost 3,000, or 1.5%.
The Nikkei 225 fell 3,300 points, losing 0.9%.