Spot gold breaks $400/oz barrier in Asia

Tue November 18, 2003 07:51 PM ET
SINGAPORE, Nov 19 (Reuters) - Spot gold broke above $400 an ounce for the first time since March 1996 on Wednesday on a weakening U.S. dollar and global security worries.
At 0045 GMT, gold (XAU=: Quote, Profile, Research) was quoted at $400.00/400.75 an ounce, compared with New York's last quoted level of $396.50/397.25. It rose as high as $400.25 an ounce.
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SINGAPORE, Nov 19 (Reuters) - Spot gold broke above $400 an ounce for the first time since March 1996 on Wednesday on a weakening U.S. dollar and global security worries.
At 0045 GMT, gold (XAU=: Quote, Profile, Research) was quoted at $400.00/400.75 an ounce, compared with New York's last quoted level of $396.50/397.25. It rose as high as $400.25 an ounce.
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