Monday, March 19, 2007

Return of investors triggers gold price advance

Gold rose to its highest in more than a week on Monday, driven by speculative buying and a return of investor confidence after the recent sell-off.

Silver and platinum hit two-week peaks, while palladium prices climbed to their highest since March 9.

Spot gold rose as high as $656.25 an ounce and was quoted at $654.70/655.45 by 1506 GMT, against $651.90/652.90 in New York late on Friday.

Read more at Reuters South Africa

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