Wednesday, August 29, 2007
Precious metals gain alongside equities
Story link: Precious metals gain alongside equities
by Elaine Frei
by Elaine Frei
Precious metals prices were higher in New York Wednesday on the possibility that a cut in US interest rates could weaken the dollar and boost demand as investors look for a safer place to put their money.
December gold was $1.90 higher to $675.40 per troy ounce on the Comex division of the New York Mercantile Exchange.
Meanwhile, contracts for December silver were up 8 cents to $12.01 per troy ounce and October platinum added $6.20 to $1,266.80 per troy ounce.
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