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

To: long-gone who wrote (47643)	1/28/2000 1:37:00 PM
From: Alex	Respond to of 116764

] NY Precious Metals: Gold down sharply on fund selling, stops --NY gold down amid talk of 1 major fund aggressively selling --NY gold also hit by bank selling; sell stops triggered By Darcy Keith, Bridge News New York--Jan 28--COMEX gold futures came under pressure at midday, hitting a 3-week low on fund and bank selling. There was talk that a major fund prompted the downside move by selling heavily. At 1257 ET, Feb was down $4.1 at $283.0 an ounce after hitting the low of $280.5. Silver also was down sharply, and strong gains this morning in palladium and platinum were nearly erased. * * * Mar silver was down 6.5c at $5.350 an ounce. Mar palladium was up $4.00 at $487.00 after earlier hitting a fresh contract and all-time high of $492.0. Apr platinum was up $1.4 at $447.0 after hitting a contract high of $458.5, its highest level in 2 1/2 years on continuous charts. One dealer said long liquidation in gold was seen ahead of the Feb contract expiry. Friday is last notice day for the NYMEX and COMEX precious metals. More The Bridge ID for this story is DCBJRZ (c) Copyright 2000 FWN futuresource.com