Economic Calendar

Thursday, March 3, 2011

Gold Trades Near Record on Demand for Haven Amid Turmoil in Middle East

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Gold for immediate delivery rose 0.1 percent to trade near a record reached yesterday on demand for a haven. The metal was at $1,435.45 an ounce at 10:02 a.m. Melbourne time, compared with the all-time high of $1,440.32.

Bullion for April delivery in New York fell 0.2 percent to $1,435.50 an ounce after reaching a record yesterday of $1,441.


To contact the reporter on this story: Wendy Pugh in Melbourne at wpugh@bloomberg.net

To contact the editor responsible for this story: Wendy Pugh at wpugh@bloomberg.net





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