Gold climbs back above $1,210 as dollar weakens

- July 6th, 2010

On Tuesday, Gold rose back above $1,210 an ounce in Europe as physical demand for the precious metal recovered after last week’s price dip, and as the weaker dollar encouraged some buying.

On Tuesday, Gold rose back above $1,210 an ounce in Europe as physical demand for the precious metal recovered after last week’s price dip, and as the weaker dollar encouraged some buying.

The press release is quoted as saying:

Spot gold was bid at $1,210.85 an ounce at 0952 GMT (5:52 a.m. EDT), against $1,206.95 late in New York on Monday. U.S. gold futures for August delivery firmed $3.90 an ounce to $1,211.60.

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