Menu Content
Go Top

Gold Edges up amid Iraq, N. Korea Tensions

Written: 2003-02-08 00:00:00Updated: 0000-00-00 00:00:00

Safe-haven gold found support from European investors on Friday who saw looming war clouds over Iraq and tension in North Korea as good enough reasons to keep their grip on the precious metal. Gold was set in the London afternoon session at three-hundred-73 point 25 a troy ounce, compared with three-hundred-70 point 55 in the morning fix. Spot gold was quoted at three-hundred-72 point 50 an ounce on Friday morning up from three-hundred-69 point 75 last quoted in New York and off a low of three-hundred-66 point 50 hit in Asian trading. Stocks subsequently fell as worries over war and corporate profits took the shine off the report, which showed that the U.S. economy had created new jobs at its fastest rate in more than two years in January.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >