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

To: long-gone who wrote (54134)	6/13/2000 7:53:00 AM
From: lorne	Respond to of 116779

LBMA May daily gold turnover up 1.2%; silver rises sharply London--June 12--The London Bullion Market Association said Monday average daily cleared turnover for gold in May rose 1.2% on the month to 25.5 million ounces--but this was down 20% on the amount transferred in May 1999. The average price fell from U.S. $279.69 to $275.19, and the average daily value fell slightly to $7 billion--$2 billion lower than 1999's level. The number of transfers slipped from 7 91 to 768--a new low. (Story .13124) Short-covering boosts spot gold in Asia in the sluggish market Tokyo--June 13--Spot gold surged to break the previous key psychological resistance point of U.S. $290 per ounce on Tuesday early in Asia due to short-covering by investment funds in thin trading, dealers said. The overnight price surge in the U.S. market triggered the short-covering, they said. (Story .10513) crbindex.com