Gold leaps as euro rises

- March 26th, 2010

On Friday, Gold gained half a percent after the euro rebounded from a 10-month low against the U.S. dollar, while steady purchases from jewellers in Asia offered additional support.

On Friday, Gold gained half a percent after the euro rebounded from a 10-month low against the U.S. dollar, while steady purchases from jewellers in Asia offered additional support.

The press release is quoted as saying:

Spot gold XAU= was at $1,096.20 an ounce by 0632 GMT, up $5.85 from New York’s notional close on Thursday. Gold had dropped to a 6-week low of $1,084.85 on Wednesday but was above the 200-day moving average.

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