Adds 3% in Euros Following India-IMF News, Gold Leaps to New Dollar Highs
From Chris Mullen at GoldSeek.com…
Gold jumped near a new record high late Monday night, reaching as high as $1065.92 in early Asian trade after it was announced that India bought 200 metric tonnes of metal from the International Monetary Fund, and then surging again in New York trade to make new all-time highs at $1085.95.
For the session, the Gold Price in Dollars ended with a gain of 2.9%. The Euro price of Gold leapt to €739 an ounce, up more than 3% on the day.
Oil rose in late trade as the US Dollar index reversed notable early gains and ended only slightly higher after decent economic data – showing a sharper than expected rise in US factory orders – plus Warren Buffett’s decision to buy Burlington Northern in what he described as a “bet on the country” eased banking fears. Read more
