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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (35915)6/25/1999 3:33:00 PM
From: Alex  Read Replies (1) | Respond to of 116830
 
Gold - to the moon : - )...................

Gold price rise tipped
Fri, 25 Jun 1999

A $30 rise in the gold price has been predicted in the next two-and-a-half weeks.

Kalgoorlie-based stock broker David Keogh, from CIBC Eyres Reed, believes the improvement has started and the price will continue to climb to $US290 an ounce by the middle of next month.

The gold price has risen by about $2.00 since yesterday and is currently trading at $US260.60, or $A395.98, an ounce.

The Australian gold index has also recovered from the 14-year low reached yesterday to be up 22-points or 2.9 per cent.

Mr Keogh believes the improvements will continue, especially once the market proves it can absorb the first round of the planned British gold sell-off in 12 days.

abc.net.au