London (Platts)--14Jan2008

Gold powered through the $900/oz level on Monday, mostly on the back of
dollar weakeness, analysts said.

Spot bullion was indicated at $909.55/oz at 0920 GMT Monday, up from its
late New York spot price on Friday at $894.90/oz and higher still than its
Friday afternoon fix in London at $891.00/oz.

Bulliondesk.com analyst James Moore said Monday morning that reaction to
the dollar weakness had propelled gold through the $900/oz level with the
yellow metal reaching $907/oz before pausing. "Having reached the $900 level
some profit taking is expected, however with the dollar showing no sign of
stabilizing, investors still keen to increase their gold holdings and with no
improvement in the geopolitical picture we expect the bullish surge in gold to
continue with resistance now expected around $912/915," he said.

Moore said silver and platinum, along with gold, had pushed to record
levels Monday morning as the dollar dropped further amidst speculation the
Federal Reserve would cut interest rates below those of the ECB when the FOMC
meets at the end of the month.

Standard Bank said in a morning report that gold seemed more comfortable
at current levels than a week ago as the metal consolidates above $880.
"However, there are still a great deal of caution by participants with
technical buying and selling dominating gold's moves," the bank said.

Meanwhile, silver was indicated at $16.55/oz at 0920 GMT Monday up from
its Friday fix at $16.06/oz.

Moore noted that silver had surged in line with gold's break above
$900/oz, and resistance should now be expected around $16.65/16.80 as further
investment interest was anticipated as the metal continued to be viewed as a
cheaper alternative to gold.

Standard Bank said the silver market seemed increasingly nervous as the
metal followed gold higher despite weakening industrial production globally.
"Silver, like PGMs, has a much greater industrial demand base than gold and
should see industrial demand fundamentals weaken if global growth slows," it
said.

In the currency markets, the euro was at $1.4888 at 0920 GMT up from
$1.4790 on Friday afternoon. The yen was at Yen 107.73 against the dollar from
Yen 108.90 on Friday afternoon.