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06-28-2008, 11:25 AM #1
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U.S. gold surges above $930 as oil rises, stocks down
U.S. gold surges above $930 as oil rises, stocks down
Fri Jun 27, 2008 1:14pm EDT
NEW YORK (Reuters) - U.S. gold futures jumped 1.6 percent on Friday, trading above $930 an ounce as record crude oil prices and weak of U.S. stocks boosted bullion's appeal.
AT 12:57 p.m. EDT, the gold contract for August delivery on the COMEX division of the New York Mercantile Exchange was up $14.40, or 1.6 percent, at $929.50 an ounce, after setting a session high of $930.70.
Friday's gains in gold futures extended the previous session's nearly 4 percent rally.
(Reporting by Frank Tang; Editing by David Gregorio)
http://www.reuters.com/article/hotStock ... 5620080627
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