Gold rose steeply yesterday, Monday, on the back of a dwindling dollar and spiking oil prices as investors sought the traditional safe haven of the yellow metal, reported the AP. December gold rose $8.4 to hit $762.2 an ounce on the New York Mercantile Exchange. The figure represents the highest closing point for a front month contract in almost 28 years. [AMEInfo.com]



Related Articles

Gold touches 27 year high

Gold hits new 27 year high

Dubai gold scrap spike

Gold well above $700

Gold could hit $800

Posted: 10|16|07 at 4:24 am. Filed under: News.