USD 73.2806

-0.1

EUR 86.625

+0.12

BRENT 45.61

+0.44

AI-92 43.34

0

AI-95 47.59

-0.01

AI-98 53.02

+0.02

Diesel 47.89

+0.01

70

Gold Soared To 8 Month High

Gold traded near an eight-month high Thursday

Gold traded near an eight-month high Thursday as crude oil prices touched another fresh record of $66 the dollar weakened.

Crude oil jumped to $66.05 a barrel in Asian trade today, triggered by a fire at a Sunoco Inc. pipeline. Some investors buy gold in times of inflation, which erodes the value of fixed-income assets such as bonds.
Gold for immediate delivery rose $1.40 to $447.30 a troy ounce, reaching an intraday high of $447.42 an ounce yesterday, the highest since $450.95 was posted on Dec. 8, 2004.

Gold for December delivery rose 10 cents to $451 an ounce on the Comex division of the New York Mercantile Exchange in after- hours trading at 8:48 a.m. Singapore time. Yesterday, it rose as much as 2.4 percent to $452.70, the highest in eight months.