Sunday, January 28, 2007

Gold rebounds but firm US dollar weighs

Gold rebounded after falling in New York on profit taking and a firmer dollar. Investec Australia pegged support at $610 and resistance at $650 an ounce.

Spot gold rose to $647/648 an ounce from$645.00/646.00 late in New York on Friday, when it had dropped more than $1.

Read Full Article at Reuters South Africa

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