UPDATE 5-Gold hits 28-year peak, platinum near all-time high - By Atul Prakash

LONDON, Oct 1 (Reuters) - Gold hit a 28-year high on Monday as a weak dollar made the metal more attractive to investors, while platinum approached an all-time peak on heavy speculative buying.

Spot gold rallied to $746.30 an ounce, its highest level since January 1980, before easing to $744.90/745.60, still higher from $742.40/743.20 late in New York on Friday. The metal has hit new highs four times in less than two weeks.

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Posted by Posted by Jewelry News at Monday, October 01, 2007 7:11 AM
Categories: gold, Precious Metals, Platinum
 

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