Wednesday, June 13, 2007

Gold hits three-month low as dollar climbs

(Reuters) - Gold fell to a three-month low on Wednesday when the dollar extended its ascent against major currencies as markets dropped expectations of lower U.S. interest rates later in the year.

Spot gold fell as low as $642.90 an ounce, its weakest since mid-March, and was last quoted just above that at $644.55/645.05 at 1013 GMT, compared with $648.30/649.80 last quoted in New York.


Read more at Reuters Africa

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