USD 73.6376

0

EUR 87.1722

0

BRENT 44.85

+0.19

AI-92 43.34

0

AI-95 47.59

-0.01

AI-98 53.06

+0.01

Diesel 47.91

+0.01

68

Gold On 18-year High

Gold rose to a 18-year ihigh in Asian trading as investors referred to the yellow metal

Gold rose to a 18-year ihigh in Asian trading as investors referred to the yellow metal as a hedge against inflation.

U.S. consumer prices are rising at a 4.9 percent annual pace compared with a 3.7 percent increase at the same time last year, figures from the Labor Department showed yesterday.

Gold for immediate delivery rose as much as $3.40, or 0.7 percent, to $482.70 an ounce, the highest since January 1988. The precious metal traded at $481.90 at 2:31 p.m. Sydney time.

Gold for December delivery rose as much as $4.40, or 0.9 percent, to $483.50 an ounce on the Comex division of the New York Mercantile Exchange. The contract traded at $482.50 at 2:11 p.m. Sydney time.