Tuesday, July 10, 2007

Gold near 1-month high, Tokyo futures dip

(Reuters) - Gold gained on a weak U.S. dollar on Wednesday and held near its highest level in a month hit the previous day, while Tokyo futures dipped on a firmer yen, which reduces the appeal of yen-based contracts.

Spot gold rose to $663.60/664.40 an ounce from $662.85/663.45 late in New York on Tuesday, when it rose as high as $664.80 an ounce on speculative buying ignited by the dollar's fall to a record low against the euro.


Read more at Reuters Africa

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