Thursday, June 7, 2007

Gold hits one-week low on dollar, TOCOM down

(Reuters) - Cash gold extended the previous day's steep decline on Friday to a fresh one-week low on a firm dollar and rising U.S. treasury yields, while Tokyo gold futures also fell on stop-loss selling.

The key gold futures contract for April 2008 delivery on the Tokyo Commodity Exchange slid 1.7 percent to 2,606 yen a gram by midday.


Read more at Reuters Africa

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