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

To: The Ox who wrote (46960)	1/10/2000 9:38:00 PM
From: lorne	Respond to of 116762

Gold in post-festive season lull Tuesday, January 11, 2000 REUTERS ------------------------------------------------------------------------ Gold moved in a thin range in early European business yesterday with dealers expecting trading to pick up later in the week as more market participants returned after the festive season. Gold fixed at US$281.70 an ounce in London yesterday morning, against $282.10 on Friday afternoon. Spot gold was at $281.60-$282.10 in late morning trade, compared with New York's close at $281.50-$282 on Friday. "I would say that if we can't break higher beyond $283, then we will try back towards $279. A break there would signal a retest of the December low of $274," a dealer said. Another dealer said he expected business to increase this week. "I think the forwards will pick up a little this week as people come out of the restrictions they had placed on them for Y2K concerns and also, this week is a full week and everybody should be back," he said. Bullion dealers said physical demand remained good with excellent demand out of India and the Middle East since the beginning of the year. In Hong Kong earlier, spot gold closed at US$281.20-$281.70 an ounce. Tael gold ended at HK$2,613, down $5 from Saturday's finish. scmp.com