Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Gold up 1 pct on dollar, Tokyo hits 25-year peak

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Lewa Pardomuan
Reuters

Tuesday, July 22, 2008

Gold jumped more than 1 percent on Tuesday as uncertainties in the U.S. financial system lingered, making the metal a more attractive alternative investment, while fund buying pushed up Tokyo futures to a near 25-year high.

Platinum rebounded after tumbling to its lowest level in more than two months as the industrial sector took advantage of cheaper prices to buy again. Silver and palladium also firmed.

Gold rose to $972.10/973.10 an ounce from $961.75/963.15 an ounce late in New York on Monday — not far from a four-month high of $987.75 hit last week.

(Article continues below)

Gold hit a record high of $1,030.80 an ounce in March.

Physical buying was limited as jewellers waited for clues from the energy market after oil slipped from this month’s all-time peak above $147 a barrel, dealers said.

“It should be a quiet month for the physical market. The Europeans are mostly out for summer holidays but (gold) looks pretty strong,” said Beh Hsia Wah, a dealer at United Overseas Bank in Singapore.

Full article here

This article was posted: Tuesday, July 22, 2008 at 3:55 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
NSA Uses Secret Search Engine to Look Up Your Info See the rest on the Alex Jones YouTube channel.

MSM Buries CDC Scientist’s Confession About Vaccines & Autism Link See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.