Monday, April 9, 2007

Gold drops as oil slides, dollar firms

(Reuters) - Spot gold was quoted at $670.90/672.40 an ounce by 2:08 p.m. EDT , after hitting a session-high of $677.80, down from $674.40/674.90 in New York on Thursday.

Most-active gold futures for June delivery on the COMEX division of the New York Mercantile Exchange settled down $2.50 at $676.90 an ounce, traded between $675.60 and $683.10.


Read more at Reuters.com Hot Stocks News

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