Gold hits £1,000 an ounce – and there's further to go

Gold hit £1,000 an ounce yesterday for the first time ever. No wonder. Both the dollar and the euro, the world's key reserve currencies, are under unprecedented pressure. Things are going from bad to worse in the eurozone. Now that analysts have had a chance to digest the results of the bank stress tests, they can see that the European financial system is indeed incredibly vulnerable.