LONDON (AFX) - Gold prices traded higher in Europe, after dipping earlier in Asian trade, as the precious metal reacted to the escalating tensions in the Middle East and as oil prices hit fresh record highs.
At 11.42 am, spot gold, which earlier hit a low of 644.50 usd, was quoted at 650.60 usd against 649.60 at the time of the COMEX market close in New York yesterday.
Other precious metals were also higher. Spot silver was at 11.62 usd against 11.54 usd, platinum was at 1,250.50 usd from 1,251.00 usd and palladium was at 329.50 usd against 326.00. maytaal.angel@afxnews.com ma/wj COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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