CAPITAL MARKETS

Gold breaks through US$370/oz

GOLD moved to its highest level in three months in New York trading overnight, though this time round analysts were unable to discern any clear-cut reasons for the US$10 an ounce spike to US$372/oz.

Michael Quinn
Gold breaks through US$370/oz

One analyst said the US dollar weakness against the euro was a possible reason for the gold buying, whilst also noting the contradiction given the apparent de-coupling of the inverse relationship between...

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