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

To: long-gone who wrote (40336)	9/15/1999 4:38:00 PM
From: hunchback	Respond to of 116790

You forgot this dxlc.com : ) hunchback

To: long-gone who wrote (40336)	9/15/1999 5:11:00 PM
From: Alex	Respond to of 116790

Gold ends flat despite bullish signals London 15 September GOLD prices tracked determinedly sideways below $258 during early European business on Wednesday, ignoring the bullish signal of tighter short-term lease rates amid fears of renewed sales just above the market, dealers said. London gold fixed at $257.40 a troy ounce in the morning versus Tuesday afternoon?s $256.75, near the upper end of gold?s $3 range of the last week. One-month gold lease rates rose again on Wednesday, hitting 4.85 per cent versus Tuesday?s four percent and Monday?s 3.43 per cent. Dealers attributed the rise to central bank withdrawals from the market, speculative short selling ahead of next week?s Bank of England gold auction and producer hedging activity. Central banks lend reserve gold for what is usually a modest return, helping to offset their storage and insurance costs. Lending rates typically tighten towards the end of each year as central banks square their books, a factor which has been exaggerated this time round because of potential disruptions to computer systems wrought by the 2000 date change. economictimes.com