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

To: Lucretius who wrote (93353)	2/5/2003 8:30:37 PM
From: joseph schevenels	Respond to of 116958

TOCOM gold futures limit-down after Powell speech Wednesday February 5, 8:01 pm ET TOKYO, Feb 6 (Reuters) - Gold futures on the Tokyo Commodity Exchange tumbled by the 40 yen price limit on Thursday morning after profit-taking sent the metal reeling from 6-½ year highs in New York overnight. The benchmark December gold contract (JAUZ3) was limit-down at 1,429 yen per gram at 0054 GMT on heavy turnover of 55,349 lots or 55 tonnes. In the spot market, gold (XAU=) was fetching $369.00/75 an ounce, down from $375.60/376.60 last quoted in New York and an overnight high of $388.50. Traders attributed gold's correction to "buying on rumour, selling on fact", with Powell's speech to the U.N. Security Council seen by many as a key step on the road to war in Iraq.