USD 64.429

+0.31

EUR 71.2391

+0.64

BRENT 64.54

+0.9

AI-92 42.37

-0.03

AI-95 46.12

+0.01

AI-98 51.87

-0.02

Diesel 46.15

0

19

Gold Reached $700

Gold spiked up to a new 25-year high above $700 per ounce

Gold spiked up to a new 25-year high above $700 an ounce on Tuesday on dollar weakness, while platinum set a new record on strong industrial demand and fund buying.

Other precious metals also gained from the bullish environment in commodities, which saw copper setting a new record and aluminum surging to an 18-year peak.

Spot gold broke through stiff resistance to reach $700.30 late in New York, before edging to $699.90/700.90 an ounce -- up 3.2 percent from Monday's close at $677.90/8.90.

It soared to an all-time high of $850 in 1980.