Gold Climbs Over $960

May 24, 2009 · Posted in Gold Bullion News · Comment 

 May 23- Gold reached a two-month high this Friday, climbing over $960 an ounce for the first time since March as the falling U.S. dollar leads to the purchase of gold as a currency hedge. Spot gold reached a high of $961.30 an ounce, the highest price since March 20, 2009.

Gold futures in the U.S.for June delivery settled at $7.70 at $958.90 an ounce on the COMEX division of the New York Mercantile Exchange, while experts expect that bullion is poised to make further upcoming gains.

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