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Gold still glitters
- US: Saturday, July 21 - 2007 at 07:30
Heavy end-of-week trading helped US gold futures hit a two month high yesterday, Friday, reported Reuters. Gold for August delivery was trading at $684.7 an ounce on the New York Mercantile Exchange, its highest level since May 10, thanks to the ongoing weakness of the dollar, strong oil prices and increased jewellery demand. Analysts feel the current climate could see gold test the $700 barrier shortly.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, July 21 - 2007 at 07:30 UAE local time (GMT+4)
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