TOCOM Gold Storms Higher In Record-Breaking Trade

February 5, 2003

Snippit:

TOKYO, Feb 5 (Reuters) - Tokyo gold futures rushed to 10-¸ year highs in record-breaking trade on Wednesday as nervous investors shoveled money into the traditional safe haven. Hours before a speech by U.S. Secretary of State Colin Powell that many see as a prelude to war in Iraq, the Tokyo Commodity Exchange logged its busiest-ever session as speculators piled into gold and energy futures. Gold turnover was estimated at a staggering 524,674 lots or 524 tonnes, up from Tuesday's 294,510 lots. Turnover for the benchmark December contract alone was a jaw-dropping 397,714 lots.

http://biz.yahoo.com/rm/030205/markets_japan_gold_2.html