/ 5 October 1999

GOLD HITS 30-MONTH HIGH

GOLD shares streaked to near 30-month peaks on Monday, finding fresh favour with investment funds as the gold price continued to rebound. By 11.20am Johannesburg’s all gold index, which includes the world’s top two bullion miners, had leapt 72,3 points or 5,59% to 1366.4, just eight points shy of two-and-half-year high scaled last Tuesday on bullion’s explosive rise. The gold price was last quoted at $311,00 (bid) an ounce from $306,50 at the local close on Friday. Gold has soared more than $40 in the week since 15 European cental banks pledged to limit official bullion sales for the next five years.