Gold futures rise to quarter-century highs above $590
Gold futures rise to quarter-century highs above $590 Thursday, March 30, 2006 3:13:36 PM http://www.afxpress.com
SAN FRANCISCO (AFX) -- June gold climbed $11.60, or 2%, to $590.30 an ounce in New York, after tapping a fresh 25-year high of $591.20. May silver also touched $11.51 an ounce, a level not seen since in 22 years, with the contract last trading up 37.5 cents, or 3.4%, at $11.49. "With June gold managing a fresh contract high this morning, the stock market fanning the potential for physical demand and the funds apparently facilitating the upward motion, we expect prices to continue to rise," said Nell Sloane, an analyst at NSFutures.com, in daily commentary
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