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Weak dollar aids gold
- US: Saturday, August 25 - 2007 at 07:34
Gold prices rose on Friday as the US dollar weakened against the euro and other major currencies, reported the AP. December gold had gained $9.1 to reach $677.5 an ounce by the time the Nymex closed. Analysts believe a possible cut in the benchmark federal funds rate by the Federal Reserve could boost gold prices next month.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, August 25 - 2007 at 07:34 UAE local time (GMT+4)
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