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Gold rises in Asian trading
(China Daily)
Updated: 2010-03-16 10:30
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SINGAPORE - Gold rose in Asia as the prospects of credit tightening in China triggered a drop in equities, prompting some investors to seek a haven in precious metals.
Immediate-delivery bullion gained as much as 0.3 percent to $1,105.60 an ounce, before trading at $1,104.90 at 2:05 pm in Singapore.
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Silver was down 0.2 percent at $17.0250 an ounce, platinum fell 0.2 percent to $1,603.75 an ounce, and palladium slid 0.5 percent to $460 an ounce.
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