Reply #73: Gold prices close $2 higher ($469.50); copper taps another record [View All]

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38621.5769315625-843805795&siteID=mktw&scid=0&doctype=806&

SAN FRANCISCO (MarketWatch) -- December gold climbed $2.30 to close at $469.50 an ounce in New York, as fresh strength in crude fueled more inflation concerns. At the same time, December copper added 3.8 cents, or 2.2%, to end at $1.7365 a pound after trading at a record $1.74. Bloomberg News reported Monday that China, the world's largest consumer of the metal, boosted its copper imports by 64% in August. Metals indexes mirrored the metals' strength, with the Amex Gold Bugs Index (HUI) up 3.2%.