Thursday, July 5, 2007

Gold steady, Newmont news has little impact

(Reuters) - Gold firmed slightly on Friday ahead of the release of U.S. payrolls data, while Tokyo futures shed the previous day's gains to track losses in New York.

In a move seen as bullish for the price of gold, Newmont Mining Corp. said on Thursday it scrapped its entire 1.85 million-ounce gold hedge position.


Read more at Reuters Africa

No comments: