vishnuvega
22-08-2008, 08:21 AM
Gold prices hit a 10-day high on Thursday, lifted by investor buying as oil prices rose, the dollar slipped, equities fell and the US Mint suspended American Eagle bullion coin sales, citing soaring demand.
Gold rose to $839.00 an ounce, the highest since August 11, and was at $832.40/833.40 by New York's last quote at 2:15 am, up from $810.35/811.75 an ounce late in New York on Wednesday.
Buying momentum in the gold market improved after the US Mint temporarily suspended sales of its American Eagle bullion coins due to a shortage of the popular coins as demand soared following a recent sharp retreat in gold prices.
Gold rose to $839.00 an ounce, the highest since August 11, and was at $832.40/833.40 by New York's last quote at 2:15 am, up from $810.35/811.75 an ounce late in New York on Wednesday.
Buying momentum in the gold market improved after the US Mint temporarily suspended sales of its American Eagle bullion coins due to a shortage of the popular coins as demand soared following a recent sharp retreat in gold prices.