Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Enigma who wrote (47418)	1/24/2000 9:25:00 PM
From: Alex	Read Replies (1) of 116760

Gold in tight range before auction REUTERS -------------------------------------------------------------------------------- Gold remained in its recent range in early European trade yesterday before today's British gold auction. Gold fixed in London at US$287.45 an ounce, against $287.75 on Friday afternoon. Spot gold eased to $287.35-$287.85 from $288.80-$289.40 in New York on Friday. Market participants expected a quiet auction with a low subscription level. Dealers said gold failed to break through the key $290 level a number of times last week but price moves after the auction might see bullion head higher. "The relatively narrow $5 trading ranges that have typified the market for most of January could be about to change as each of the Bank of England auctions to date has been followed by a major price move," Standard Bank London said. It said United States funds seemed to have been buyers over the past week, which could indicate that the funds expected a break higher after the auction. "Certainly participation from this sector would help to ensure a positive result," it said. Earlier in Hong Kong, spot gold closed at US$288.10-$288.60 an ounce. Tael gold finished HK$6 weaker at $2,671. scmp.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next