Gold prices hit 14-year high

LONDON - Gold started the first week of 2004 as it ended 2003 - charging to its highest since February 1990 as the dollar crumbled against the euro and the yen and speculative funds maintained their appetite for precious metals.


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Published: Tue 6 Jan 2004, 10:02 PM

Last updated: Thu 2 Apr 2015, 12:02 AM

Spot gold XAU was at $420.75/421.45 an ounce at 1447GMT, well up from $416.25/416.75 at European opening and what had been a long-standing objective at $417.70.

"The precious metals are all off to the races - they are all up on the US opening," analyst Kamal Naqvi of Barclays Capital said. New York futures markets re-opened for the first time since December 31 yesterday, and all the precious metals leapt higher.

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