At 9.49 am, spot gold was quoted up at $671.30 an ounce against $670.80 in late New York trades yesterday, when the metal hit a three week high of $673.90.
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Gold Prices Stable on Weak Dollar
Gold steadied above $670 as a fall in the dollar against the euro increased the appeal of the metal
Gold steadied above $670 as a fall in the dollar against the euro increased the appeal of the metal as an alternative asset to the US currency
"A slightly weaker dollar is supporting gold today although we're still rangebound. We need to get above $673-675 on the charts," said Richard England, a trader at Standard Bank
At 9.49 am, spot gold was quoted up at $671.30 an ounce against $670.80 in late New York trades yesterday, when the metal hit a three week high of $673.90.
At 9.49 am, spot gold was quoted up at $671.30 an ounce against $670.80 in late New York trades yesterday, when the metal hit a three week high of $673.90.
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