vishnuvega
22-07-2008, 08:57 AM
Gold extended gains on Tuesday as uncertainties in the US financial system lingered, while platinum tumbled to its lowest level in more than two months on demand fears.
The most active gold contract on the Tokyo Commodity Exchange held near its highest level in 25 years as Japanese investors returned to the market after a holiday, and a firm cash market helped spur buying.
Gold rose to $966.95/967.95 an ounce from $961.75/963.15 an ounce late in New York on Monday -- not far from a four-month high of $987.75 hit last week.
The most active gold contract on the Tokyo Commodity Exchange held near its highest level in 25 years as Japanese investors returned to the market after a holiday, and a firm cash market helped spur buying.
Gold rose to $966.95/967.95 an ounce from $961.75/963.15 an ounce late in New York on Monday -- not far from a four-month high of $987.75 hit last week.