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Finotec |
Futures Fundamental | Dec 29, 2008 12:00AM GMT |
Gold is trading at $887 as of 10:00am, GMT
Gold advanced as mounting geopolitical tensions in the Middle East boosted the appeal of the precious metal as a haven. Silver and platinum also jumped. “Gold is obviously gaining a lot of favor as a safe haven asset again,” Darren Heathcote, head of trading at Investec Bank Ltd. in Sydney, said today by phone. The weaker dollar and rising oil prices helped boost the metal, he said. Gold is trading at $887 as of 10:00am, GMT.
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