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

To: d:oug who wrote (44407)	11/1/1999 7:41:00 AM
From: lorne	Respond to of 116758

Ashanti Goldfields says reaches gold hedging agreement London--Nov 1--Ashanti Goldfields, the UK-listed Ghanaian mining group, today said it has reached an agreement with its gold hedging counter-parties that gives it a long-term exemption from the obligation to post collateral against margin calls on hedging contracts. In return, Ashanti will issue the counter-parties with warrants that convert indirectly into Ashanti ordinary shares of no par value. (Story .11218) Europe Precious Metals Review: Spot gold steadies above $292 London--Nov 1--Gold prices managed to stay above the $290 per ounce level this morning, albeit in thin trade, having fallen lower overnight on the back of selling out of Australia. Sources said spot gold was expected to remain supported above $290, as dips below that level "are widely viewed as good buying opportunities," one trader said. Silver remained quiet around $5.20. (Story .2270) crbindex.com