Russian plans push gold price to 18-year high

The price of gold hit an 18-year high today after Russia revealed plans to double the quantity held in its central reserves.

Russian plans push gold price to 18-year high
Fri, 18 Nov, 2005 - 13:17

The price of gold hit an 18-year high today after Russia revealed plans to double the quantity held in its central reserves.

Heavy buying from investors helped the precious metal rise to 487.50 US dollars an ounce, after recording its largest one-day rise for three months yesterday.

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