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    Gold Sector Punches Higher

    Melissa Pistilli
    May. 29, 2009 01:34PM PST
    Market News

    Gold Investing News reports gold sector moves slightly higher this month. In London, gold hit a three-month high on Friday, of $966.80 an ounce as the dollar fell towards a five-month low versus a basket of currencies, with worries over soaring government debt prompting investors to sell the safe-haven currency. Spot gold was bid at …

    Gold Investing News reports gold sector moves slightly higher this month.

    In London, gold hit a three-month high on Friday, of $966.80 an ounce as the dollar fell towards a five-month low versus a basket of currencies, with worries over soaring government debt prompting investors to sell the safe-haven currency. Spot gold was bid at $966.40 an ounce against $958.80 an ounce late in New York on Thursday. 

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