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Gold turns higher; silver, copper at new heights

Gold turns higher; silver, copper at new heights
By Myra P. Saefong
Last Update: 11:59 AM ET Mar 29, 2006

SAN FRANCISCO (MarketWatch) -- Gold futures inched higher Wednesday afternoon as traders eyed mixed trading in the U.S. dollar and digested the latest raise in interest rates by the Federal Reserve, which signaled more rate hikes to come. Gold for June delivery was last trading up $2.20 at $574.40 an ounce on the New York Mercantile Exchange. April gold added $1.80 to stand at $568.80. May silver climbed 18 cents to $11.05 an ounce. The contract touched a fresh 22-year high of $11.09 amid ongoing excitement about an exchange-traded fund from Barclays that's expected to launch soon. May copper added 2.05 cent to $2.449 a pound, tapping a new record of $2.451.


LINK: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B41DAEC59%2DC5AA%2D47DD%2DBB83%2D347628CF585...