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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.07

+0.7%

Jan 16 4:00 PM EST

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To: Eashoa' M'sheekha who wrote (7664)	2/18/1998 1:14:00 AM
From: Sergio R. Mejia	Read Replies (1) of 116893

Tuesday February 17 3:11 PM EST Gold and silver settle lower By United Press International The spot price of gold bullion settled lower (Tuesday) in light North American dealings on the Comex. Silver sank. Analysts said gold came under pressure from fresh strength in the U. S. dollar and concerns of further instability in the Far East. Silver suffered from gold's weaker tone and rumors of large silver sales. On the metals markets, in late trading on New York's Comex, a 100- troy-ounce gold futures contract for February delivery fell by $2 to $298.60 an ounce. Republic Bank said the cash price for gold fell by $2 to $297.70 an ounce. A 5,000-troy-ounce silver futures contract for March delivery sank by 32.5 cents to $6.77. Republic's cash price fell by 33 cents to $6.79 an ounce. In Europe, gold improved by 60 cents an ounce in Zurich to $298.85 and rose by $1.75 an ounce in London to $300.25 an ounce. Silver eased by 2 cents an ounce in Zurich to $7.05 an ounce and eased by 3 cents in London to the same $7.05 an ounce. In Asia, gold added 4 cents an ounce $298.95 in Hong Kong.

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