Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Al Cern who wrote (21543)	10/13/1998 4:59:00 PM
From: cool	Read Replies (3) \| Respond to of 116762

COMTEX) B: Gold settles higher B: Gold settles higher The spot price of gold bullion settled slightly higher (Tuesday) in light North American dealings on the Comex. Traders said gold inched higher in technical trading after coming under light selling pressure after the U.S. dollar continued to recover against the Japanese yen on global currency markets. Dealers added the dollar/yen rate - a key to measuring market sentiment - was slightly negative for the market with a softer yen making the dollar-denominated metal more expensive for Asian investors. On the metals markets, in late trading on New York's Comex, a 100- troy-ounce gold futures contract for October delivery improved by 30 cents an ounce to $296.60. Republic Bank said the cash price for gold rose by 25 cents an ounce to $296.30. A 5,000-troy-ounce silver futures contract for October delivery inched up by 0.4 cent to $4.81 an ounce. Republic's cash price rose by 0.5 cent to $4.845 an ounce. In Europe, gold rose by 50 cents an ounce in Zurich to $296.05 but slipped by 25 cents in London to $296.25. Silver rose by 2 cents in Zurich to $4.84 an ounce and rose by 2 cents in London to the same $4.84 an ounce. In Asia, gold settled unchanged at $296.50 an ounce in Hong Kong. _- Copyright 1998 by United Press International. All rights reserved. _- By UPI * end of story *