Gold rose to all-time high on Thursday as investor buying speeded up after the dollar sank and oil hovered near lifetime peaks. Gold rose to .70 an ounce before easing to trade at ,60/992,0 at 11.08am GMT, against ,90/982,70 late in New York on Wednesday.
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/ 19 November 2007
When gold reached dizzying heights above a troy ounce in recent weeks, it cast a spotlight on a ritual that has taken place in London for the past 88 years. Twice a day, representatives of five banks pick up the phone to trade physical gold and arrive at the London ”fixing” price.
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/ 19 October 2007
Canada’s Platinum Group Metals is scouting for more mining rights in South Africa, the world’s top platinum producer, and is seeking permits to start construction at its existing projects in the country. ”We have been very actively looking in South Africa,” R Michael Jones, president and chief executive of the company, said on Thursday.