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Gold/Mining/Energy : ECM.VSE - El Callao Mining.
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To: Richnorth who wrote (788)6/30/1997 12:57:00 PM
From: Richnorth   of 1253
 
30th June 1997

Excerpted from www.merc.com news:-

In the bullion market, spot gold was quoted $334.50/00
early, compared to the London Monday morning fix at $334.05 an
ounce, which was the lowest fix since March 30, 1993. In New
York Friday spot gold ended quoted around $334.3/80.
Commodity fund selling accelerated last week as the year's
low at $336.00, seen in January this year, came under pressure
again, while Australian gold miners took advantage of a slide
in the Australian dollar to hedge their positions by selling
more gold forward, bullion dealers said.
The Hong Kong gold market is closed until Wednesday next
week due to the historic handover of the colony from Britain to
China on Monday, dampening Far East gold trade.

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For more info/data, go to the Gold Price Monitor thread!
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