Friday, May 05, 2006
Gold Rises to 25-Year High as Standoff With Iran Spurs Buying
Gold Rises to 25-Year High as Standoff With Iran Spurs Buying
May 5 (Bloomberg) -- Gold rose to a 25-year high in New York as increased tension between Iran and the U.S. spurred investors to buy the precious metal as a haven and a hedge against inflation.