- NEW YORK (Reuters)
- COMEX gold rose above $425 an ounce for the first time in more than 15
years on Monday, extending its watershed rally on the first trading day
of 2004 as investors continued to diversify out of the beleaguered dollar.
-
- February gold advanced to $425.50 an ounce, its highest
since summer 1988, as London traders wrapped up for the day. Fund buying
on the floor chased it above the highs from February 1990, and at 11:15
a.m. EST (1615 GMT) the benchmark contract was up $8.80, or 2.11 percent,
at $424.90.
-
- Spot gold was quoted at $423.90/4.65 an ounce, up from
its New York close at $414.80/5.30 on Wednesday. The exchange was closed
on Thursday and Friday for New Year's.
-
- Copyright 2004, Reuters News Service
|
