May 9, 2006 - Gold reaches $700.00 an ounce!
SAN FRANCISCO (MarketWatch) -- Gold futures closed above $700 an ounce Tuesday for the first time since October of 1980, tallying a gain of more than 18% in just the past month, after hopes for a resolution of Iran's nuclear standoff faded and the U.S. dollar weakened, prompting investors to seek refuge among the precious metals. From Market Watch. Continue Reading.....