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

To: John Hunt who wrote (36867)	7/9/1999 8:00:00 AM
From: John Hunt	Respond to of 116790

Gold up in Europe, seen struggling to extend rise << Gold lease rates remained high at 2.18 percent for one-month metal, which dealers attributed variously to market wariness after recent price moves, heavy borrowing by short sellers and miner or central bank activity. ''We have seen some aggressive borrowing over the last few days but I don't think there will be much more of a squeeze. People are short and need to borrow,'' said one London dealer. Hong Kong traders said Asia has regained its appetite for gold as economies recovered and currencies strengthened, making gold priced in U.S. dollars more affordable. >> biz.yahoo.com