Gold hits 25-year high


  • Business
  • Thursday, 06 Apr 2006

PETALING JAYA: Gold futures soared to a 25-year high of US$596.80 an ounce on the New York Mercantile Exchange on April 3, before retreating to US$590.10 during intra-day trading yesterday, as investors locked in on gains. Gold prices closed at US$586 on April 4. 

Bullion price for immediate delivery, meanwhile, moderated to US$585.24 an ounce yesterday after having lost US$1.45 since Tuesday. 

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