Archive for October, 2008
Gold Advances in London on Rising Demand for Haven Investment
Gold advanced for a second day in London, buoyed by demand for the metal as a haven as equities continued to slide. Platinum also rose. Australia slashed interest rates by the most in 16 years, fueling speculation other central banks plan a round of cuts to ease the financial crisis. The U.K. government may invest at least 45 billion pounds [...]
China’s gold production up 3.43 pct to 173.32 tons in first eight months-CGA
China - produced 173.32 tons of gold in the first eight months of this year, an increase of 3.43 percent year-on-year, while gold output in August alone stood at 20.81 tons, according to an Oct. 6 announcement by the China Gold Association. (more...)
Platinum jumps more than 3 pct on bargain hunting
SINGAPORE, Oct 7 (Reuters) - Platinum jumped more than 3 percent on Tuesday on bargain hunting, having fallen to its weakest in almost three years the previous day, with firm gold also boosting prices. Platinum <XPT=> was trading at $992 an ounce, up $30.50 an ounce from New York's notional close on Monday, having hit an intraday high [...]
