28
August
Gold inches up to around $950/oz, lifted by oil
28 August 2009 Reuters
Gold rose on Friday to trade around $950 per ounce on strong oil prices, which fanned worries about
inflation, while platinum eased a touch in defiance of news of a mine strike in South Africa.
Bullion, which has has been trading in a narrow range of around $940-$955 this week, was down about 0.4 percent from the end of last week.
"It is confined within ranges ... being bought on inflation
concerns and sold when there are no fresh factors," said Kazuhiko
Saito, chief analyst at Fujitomi Co Ltd.
.
http://www.reuters.com/article/goldMktRpt/idUST36207620090828
