Gold, platinum rise on weak dollar

January 19, 2009

Commodity Online
SINGAPORE : Despite profit taking by investors, Gold rose to a one-week high during early Asian trade Monday as dollar weakened against the euro amid stock markets recovery.

At 9.30 a.m in Singapore, gold rose as high as $845.55 an ounce, its highest level since Jan. 12, before slipping to $837.60.

Gold has bounced around 4% since tumbling to a one-month low last Thursday, when softer equities forced investors to cash in to cover losses.

Platinum extended gains on bargain hunting, with prices trading over 50% below a record peak hit last March.

Platinum was trading at $955.50 an ounce, up $9.00 from New York's notional close on Friday.

To buy Hallmarked 999.9 Pure Swiss Gold Bars, Gold Bullion, Gold Ingots & 916 Gold Coins in Singapore or convert your 916 Physical Gold to physical 999.9 Pure Swiss Gold Bars, Click on Buy Gold to find out more. You may Sell Gold to us too.

[ Back To Home ]

[ Site Map ] [ Terms & Conditions ] [ Disclaimer ] [ Contact ] [ How To Link To Us ] [ Gold Directory ]

Buy Gold & Sell Gold - Singapore Gold Bullion Dealer