Financial Times FT.com

Gold’s advance leads way for oil and platinum

By Chris Flood in London

Published: January 2 2008 12:15 | Last updated: January 2 2008 19:46

Commodity markets made a flying start to 2008 with gold, oil and platinum setting records during the first trading session of the new year.

Gold led the initial advance, rising 3.3 per cent to $861.10 a troy ounce, surpassing the previous high of $850 reached in January 1980. The metal later eased back to $858.10 in late London trading.

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