SI
SI
discoversearch

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.
Strategies & Market Trends : Commodities - The Coming Bull Market

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: craig crawford who wrote (1032)2/6/2002 11:26:11 AM
From: craig crawford   of 1643
 
Gold futures tops $300 an ounce
www2.marketwatch.com

By Myra P. Saefong, CBS.MarketWatch.com
Last Update: 10:11 AM ET Feb. 6, 2002

NEW YORK (CBS.MW) -- Gold futures prices topped $300 an ounce for the first time in over a year Wednesday as uncertainty in the equity markets continued to prompt investor interest in the precious metal. Gold for April delivery climbed to an intraday high at $307.50 an ounce and was last at $300.80, up $1.70. The contract hasn't topped $300 since Jan. 19, 2001.

"With the dollar, yen and euro all under varying degrees of question, the equity markets showing signs of stress and amid continued talk of earnings and accounting quality, gold is asserting a dual role, both as a reserve currency and as a reserve asset and is attracting attention accordingly," Rhona O'Connell of the World Gold Council said in a daily note
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext