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To: Bucky Katt who wrote (10034)	12/31/2002 3:00:54 PM
From: paret	Respond to of 48461

Gold futures mark 20% rise for 2002 CBSMarketWatch ^ 12/31/2002 NEW YORK (CBS.MW) -- Gold futures prices inched higher to hold above $344 an ounce Tuesday and were poised to end the year with a gain of more than 20 percent. The New York Mercantile Exchange will hold a shortened trading session in anticipation of the New Year's holiday, with metals trading closing by 12:10 p.m. Eastern standard time. In recent dealings on Nymex, gold for February delivery traded at $344.40 an ounce, up 30 cents. The February contract closed the year 2001 at $282.50 an ounce, and prices are set to end what's been a memorable 2002 around the $345 mark. On average, gold closes the year with a price near $310.70 an ounce, according to UBS Warburg analyst Andy Maag -- that's almost $40 higher than the average seen over all of 2001. And 2002 saw prices reach fresh 5 1/2-year highs at $351.50 for futures prices and $355 for spot gold, levels achieved within the last month of the year. marketwatch.com