Sunday, May 20, 2007

Tokyo gold up nearly 1 percent on soft yen

(Reuters) - Tokyo gold futures bounced back on Monday, rising nearly 1 percent, as a higher close on New York's COMEX and a softer yen prompted buying, while bargain hunting lifted dollar-based gold prices.

Platinum also regained some ground to hit a record high as bargain hunters bought the metal, which is enjoying steady demand due to its use in automobile catalytic converters.


Read more at Reuters Africa

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