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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Bobby Yellin who wrote (41540)	9/29/1999 3:37:00 PM
From: Alex	Read Replies (2) of 116770

Gold closes sharply lower in New York on profit-taking of yesterday's gains NEW YORK (AFX) - Gold closed sharply lower on profit-taking in the wake of yesterday's rally, dealers said. COMEX gold for current delivery closed at 300.60 usd per ounce, down 7.50 usd from yesterday's COMEX close. This contract surged 26.20 usd yesterday. The December gold contract closed at 302.00 usd per ounce, down 8.00 usd. The most-active October silver contract closed at 5.56 usd per ounce, down 17 cents. Silver rose 43 cents yesterday. Greg Weldon of Darby Trading said gold headed lower in profit-taking after rising more than 50 usd in the last two sessions following the decision of the ECB to restrict sales. "But the pullback belies the tightness in the market," he said. Weldon said further short-covering could drive prices higher from here. ow/sz N For more information and to contact AFX: www.afxnews.com and www.afxpress.com ¸ Copyright 1999, The Nasdaq Stock Market, Inc. All Rights Reserved. nasdaq.co.uk

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