Reuters: Gold Nears 16-Year Highs
Gold was within reach of its highest level in nearly 16 years on Monday, fired by a resurgent euro and inflationary fears fanned by sky-high oil prices, dealers and analysts said.
"I don't think we've seen anything yet," Ross Norman of TheBullionDesk.com told Reuters in a telephone interview.
"With the euro where it is, oil where it is and tension ahead of the U.S. election I think we could see another attempt at $430.50 and it might just poke through," he added.
Thursday, October 28, 2004
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