Tuesday, April 24, 2007

Gold gains in Europe, targets $700-mark

(Reuters) - Gold drifted higher on Tuesday to trade below an 11-month high and analysts said the metal may test $700 an ounce on a weaker dollar outlook and firm oil.

Platinum and palladium hovered near recent highs and silver traded above $14 an ounce, with investors awaiting the release of U.S. housing data for clues on the direction of the Federal Reserve's monetary policy.


Read more at Reuters Africa

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