BAK
JF-Expert Member
- Feb 11, 2007
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...na shareholders wao wakiendelea kutajirika kwa bei kubwa ya dhahabu katika soko la dunia, Watanzania bado hatujaona manufaa yoyote ya rasilimali yetu hiyo tuliyosaini 'mikataba ya siri' inayoonyesha bei dhahabu ya $238.
Gold rallies to record
ATUL PRAKASH AND VERONICA BROWN
Reuters
January 2, 2008 at 4:27 PM EST
NEW YORK Gold prices swept to a record high Wednesday above the key $850-an-ounce mark, driven by surging oil, a weaker U.S. dollar and simmering geopolitical tensions that polished its safe-haven credentials.
Other metals jumped on bullion's bandwagon, with platinum scoring a record high, silver at its highest since mid November and palladium at two-month highs.
Spot gold surged to a record $861.10 (U.S.) an ounce surpassing the $850 fixing high of January, 1980.
It later backtracked slightly to $855.70/$856.50 in New York at 2:25 p.m. EST, compared with $832.70/833.50 quoted late in New York on Monday.
Most-active gold futures for February delivery settled up $22, or 2.6 per cent, at $860 an ounce on the Comex metals division of the New York Mercantile Exchange, after surging to $864.90, a contract high.
It's not surprising, given that gold's a safe-haven asset. It's reflective of the fact there is risk aversion in the market in the New Year, said Phylis Papadavid, strategist at Socgen.
Gold rallies to record
ATUL PRAKASH AND VERONICA BROWN
Reuters
January 2, 2008 at 4:27 PM EST
NEW YORK Gold prices swept to a record high Wednesday above the key $850-an-ounce mark, driven by surging oil, a weaker U.S. dollar and simmering geopolitical tensions that polished its safe-haven credentials.
Other metals jumped on bullion's bandwagon, with platinum scoring a record high, silver at its highest since mid November and palladium at two-month highs.
Spot gold surged to a record $861.10 (U.S.) an ounce surpassing the $850 fixing high of January, 1980.
It later backtracked slightly to $855.70/$856.50 in New York at 2:25 p.m. EST, compared with $832.70/833.50 quoted late in New York on Monday.
Most-active gold futures for February delivery settled up $22, or 2.6 per cent, at $860 an ounce on the Comex metals division of the New York Mercantile Exchange, after surging to $864.90, a contract high.
It's not surprising, given that gold's a safe-haven asset. It's reflective of the fact there is risk aversion in the market in the New Year, said Phylis Papadavid, strategist at Socgen.
