Low Graphics Site
White bar
.: Latest News :. .: News in Pictures :.
Dawn e-paper
Daily SectionMarker

Misc SectionMarker

Horoscope Recipes Weekly SectionMarker

Weekly SectionMarker



Pakistan's Internet Magazine
Herald
Dawn GroupMarker

Archive, Search, Feedback & HelpMarker

Weather




FrontPage National International Local Business KSE Forex Sports Editorial Opinion Letters Features Today's Cartoon TV Guide Cowasjee Ayaz Irfan Hussain Jawed Naqvi Review Dawn Magazine Young World Images Dawn Group Subscription To Advertise

DINA
Previous Story DAWN - the Internet Edition Next Story

September 07, 2007 Friday Sha'aban 24, 1428





Gold surges


LONDON, Sept 6: The price of gold leapt on Thursday to the highest level since the end of April as traders sought a safe haven for their cash amid uncertainty on global financial markets, analysts said.

On the London Bullion Market, gold prices rose to $693.47 per ounce, which was last seen on April 23, 2007.

Faced with ongoing turmoil in world markets, gold has started to find support from safe haven investors -- on top of a seasonal rise from physical purchasing by jewellery firms in Asia.

“Gold does seem to have found some momentum of its own this week, suggesting the metal’s safe-haven attributes have well and truly kicked in,” said analyst James Moore at specialist metals website TheBullionDesk.com.

—AFP






Previous Story Top of Page Next Story

Seprater
Contributions
Privacy Policy
© DAWN Group of Newspapers, 2007