Spot gold nears $1,000 level broken by futures

Thu Mar 13, 2008 11:50pm GMT
 
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 SINGAPORE, March 14 (Reuters) - Spot gold firmed on Friday
and was within sight of the $1,000 an ounce barrier after the
dollar tumbled to another record low against the euro, boosting
the metal's appeal as an alternative investment.
 -- Gold <XAU=> rose to $994.30/995.10 an ounce from
$991.00/991.80 late in New York. Gold had powered to another
record high of $999.90 an ounce on Thursday.
 -- Gold futures for April delivery GCJ8 on the COMEX
division of the New York Mercantile Exchange added $1.9 an
ounce to $995.7 an ounce, having struck a record $1,001.50 on
Thursday.
-- The euro <EUR=> rose to $1.5644, according to Reuters
data.     -- Spot platinum <XPT=> was unchanged at $2,098/2,108
an ounce.
 -- Silver <XAG=> edged up to $20.53/20.58 an ounce from
$20.42/20.47 an ounce.
 -- Spot palladium <XPD=> hardly moved at $502/508 an
ounce.
  Precious metals prices at 2334 GMT
  Metal             Last    Change  Pct chg  YTD pct chg
Turnover
  Spot Gold         994.30   -0.60   -0.06     19.41
  Spot Silver        20.53   -0.01   -0.05     39.00
  Spot Platinum    2090.00   -8.00   -0.38     37.50
  Spot Palladium    502.00   -6.00   -1.18     36.41
  TOCOM Gold          0.00-3202.00 -100.00   -100.00          
0
  TOCOM Platinum      0.00-6568.00 -100.00   -100.00          
0
  TOCOM Silver        0.00 -661.90 -100.00   -100.00          
0
  TOCOM Palladium     0.00-1676.00 -100.00   -100.00          
0
  Euro/Dollar       1.5614
  Dollar/Yen        100.67
 TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams. Spot prices in $ per ounce.
 (Reporting by Lewa Pardomuan; Editing by Alan Raybould)




































 
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