Gold leaps as euro rises
Investing News Network - 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.