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768

Gold Near its Historic High

Gold and platinum held near their historic highs on Monday

Gold Near its Historic High

Gold and platinum held near their historic highs on Monday on worries over supply after South African mining companies suspended operations due to a power crisis.

Spot gold rose to $916.80 an ounce from $914.00 late in New York. Gold rallied to record high of $923.40 an ounce on Friday, with dealers expecting the metal to crack the upside target of $950 in coming weeks.

Platinum hit an intraday high of $1,687 an ounce before slipping to $1,666.50/1,671.50, down from
$1,671.50/1,676.50 an ounce in New York.

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