Wednesday, May 10, 2006

Gold rises above $700 to hit 25-year high

Reuters: Gold rises above $700 to hit 25-year high

Gold rose to a 25-year high above $700 an ounce on Wednesday, prompting some investors to take profits on bullion's sharp rally this year, while platinum surged to a record high on speculative buying.

Gold has risen around 35 percent this year as investors diversified into precious metals as a hedge against global tensions, including over Iran's nuclear ambitions, rising energy costs and uncertainty about the dollar's outlook.

Posted by Jason @ 06:58 AM (662 views)
Add Comment
Report Article

No comments have been submitted.

Be the first person to add your comment by completing the form below.

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies