Gold broke $380 an ounce...

Gold broke $380 an ounce today: "Around 4:30 p.m. ET, gold traded at $379.90 per ounce, up $8.30, beating last week's peak of $375. The last time gold closed this high was November 1996, when traders fixed an afternoon price of $377.00. Gold is up almost 9 percent in 2003, boosted by fears the United States is bent on going to war to disarm Iraq and also by a tumbling dollar, rising oil prices and a shaky stock market. The safe-haven metal was one of the best-performing assets in 2002."

Tagged: Old
Posted: February 04, 2003