Funds Bidding Gold to New Highs

"The price of gold climbed to its highest in almost 18 years on Thursday, while platinum recovered after slipping more than 2 percent from its near-26-year peak on investment fund buying, dealers and analysts said," according to a Reuters article by Zach Howard and Atul Prakash. The authors note that, " Funds have been bidding gold higher on ideas that the metal was primed to soon challenge the psychological level of $500, which now stood less than $15 away." For details and expert views, click here for the complete article.

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(May '04-Jun '05)