Tuesday, March 27, 2007

Gold at 4-week high on oil, eyes Bernanke testimony

(Reuters) - Gold prices rose to their highest level in almost four weeks on Wednesday, in sympathy with surging crude oil which raises the metal's allure as a hedge against inflation.

Spot gold rose as high as $668.80 an ounce and was at $665.20/666.20 by 0144 GMT, higher than $662.90/663.90 late in New York on Tuesday.


Read more at Reuters Africa

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