Gold adds almost $15 to $808.50 in New York
by Elaine Frei
Precious metals prices were significantly higher in New York on Friday as resurgent concerns about the US subprime crisis sent investors looking for a safe place to put their money.
In addition, the US dollar touched yet another record low versus the euro during the day.
December gold was $14.80 higher to $808.50 per troy ounce after going as high as $810.70 per troy ounce earlier in the session, adding 1.9 percent on the day and 2.7 percent for the week.
In addition, gold for immediate delivery breached the $800 level for the first time in nearly three decades when it added $19.34 to $806.65 per troy ounce, a gain of 2.5 percent on the session.
December silver also added 1.9 percent as it gained 27 cents to $14.60 per troy ounce.
January platinum, meanwhile, was up $11.90 to $1,462.70 per troy ounce.
Related posts to: Gold adds almost $15 to $808.50 in New York
Nickel adds $425 per tonne on session ...
July platinum adds $13.50 per ounce ...
Victory expands at Minago Nickel Project ...
Platinum adds nearly $16 in New York ...
Gold adds $8 in New York to end week ...
Latest Metals News:
Gold ends session lower in New York, but gains on week Gold prices retreat after setting new intraday high Gold closes at $1,666 per ounce in New York trade Gold prices at new records on disappointing US data Gold prices lower but comes off session lows on manufacturing data Gold sets new intraday, closing highs to end trading week in New York Copper rises; precious metals prices see declines Gold prices drop on profit-taking, stronger US dollar $1,616.80 per troy ounce: Another record high for gold Gold trades as high as $1,624.30 per ounce in New YorkPrevious: « Copper prices down again in London, New York
Next: Credit Suisse warns of quantum rise in gold price »
Visited 1726 times, 2 so far today