Posted AT 6:45 AM EDT on 28/03/08
Gold dips as traders balance their books
SINGAPORE — Gold fell on Friday to track weaker oil, while platinum jumped to its highest in more than a week as speculative buying accelerated after the white metal regained $2,000 (U.S.) an ounce.
Spot platinum hit a high of $2,030 an ounce, its best level since March 17, up from $2,023/2,033 in New York. It struck a record $2,290 on March 4 on supply fears driven by mining disruptions in main producer South Africa.
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