Thursday, March 29, 2007

Gold tracks higher crude oil, defies US dollar

(Reuters) - Gold shrugged off a firmer dollar and rebounded on Friday to track higher crude oil, which spurred some safe-haven buying in parts of Asia.

Spot gold rose to $662.40/662.90 an ounce from $661.20/661.70 an ounce late in New York on Thursday, when it dropped nearly $5 after it failed to break resistance of $670 despite rising crude oil.


Read more at Reuters Africa

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