NewsMine — economy — united-states — 2003 — 2003-nov-dec — Viewing Item

Gold over 400 as euro strengthens { December 1 2003 } Original Source Link: (May no longer be active)    http://news.moneycentral.msn.com/breaking/breakingnewsarticle.asp?feed=OBR&Date=20031201&ID=3152063 http://news.moneycentral.msn.com/breaking/breakingnewsarticle.asp?feed=OBR&Date=20031201&ID=3152063 Gold Over $400 an Ounce on Currency Moves December 01, 2003 1:21:00 PM ET LONDON (Reuters) - Gold jumped to its highest in more than 7-1/2-years above $400 an ounce in Europe on Monday as fund buyers took advantage of a strong euro/dollar rate and also dragged silver to a near-four-year high above $5.50. The euro hit a lifetime high of $1.2041 against the battered dollar earlier on Monday and also rose to its highest in more than two months against the yen following the death of two Japanese diplomats in Iraq. Spot gold closed at $397.45/398.15 in London after hitting a high of $401.40 -- approaching levels last seen in late February 1996. That compared with $397.75/398.50 at the London market close on Friday. The euro was at $1.1986. Dealers said the gold market's move higher was exacerbated by thin conditions as U.S. players returned from a long Thanksgiving weekend. Latest U.S. economic data were positive for silver, which was able to take advantage of its dual role as a precious and industrial metal. The metal shot up to a fresh 3-3/4 year high at $5.50/5.52 from $5.34/5.36 previously. Spot platinum also moved higher again and was last quoted at $770.00/775.00 an ounce, compared with $763.00/768.00 in London late on Friday, while palladium eased a touch to $186.00/193.00 from $187.00/192.00. © 2003 Reuters

Companies overworking employees { November 12 2003 } Dollar 11 year low versus pound Dollar depreciation eats up opec gains Dollar falls to fresh low against euro { November 18 2003 } Economy booms ahead on investment surge End of steel tariff yield economic relief Extremely low inflation { December 5 2003 } Gold over 400 as euro strengthens { December 1 2003 } Gold price rises 20 percent over year { January 1 2004 } Jobless count skips millions { December 29 2003 } Market waiting for jobless claims employment { November 5 2003 } Nov consumer confidence at 14 month high Personal bankruptcy filings jump 8 percent Profit taking after 6 day gain drops dow Stocks at year highs after saddams capture Stocks rally as dow closes above 10 000 { May 24 2002 } Trade defecit china record high Unemployment indicators misleading few jobs added { January 9 2004 } Us jobless september claims higher { November 13 2003 } Us stocks dip after jobs data Files Listed: 20

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