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

To: Little Joe who wrote (11661)	5/15/1998 8:07:00 AM
From: Alex	Respond to of 116836

Friday May 15, 1:42 am Eastern Time Hong Kong gold rises on Indonesia worries HONG KONG, May 15 (Reuters) - Hong Kong spot gold rose sharply in late morning on Friday after news that gold shipments from an Indonesia mine were suspended, traders said. Gold rose to US$303.00/75 an ounce after it opened at 299.00/50. ''It was the news of suspended gold shipments from a mine in Indonesia because of the riots,'' a trader said. Aurora Gold Ltd in Australia said it had halted shipments of gold from its Mt Muro mine in East Kalimantan province due to civil unrest in Jakarta but said its mining was unaffected. Another trader said the rise came after the announcement by Bank Indonesia that it had suspended clearing operations. ''Economic activity apparently has ceased. Some people are worried about the crisis and bought gold,'' the trader said.