Gold Futures Hit 2005 High

U.S. gold futures reached a high for 2005 after the 2nd highest U.S. trade deficit on record.

Gold for April delivery at the COMEX division of the New York Mercantile Exchange gained $3.40 to end at $446.80 an ounce, which was the highest close for futures since Dec. 28 with an intra day high of $448.