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Reuters reported that gold rebounded from a one-month low, given a boost by a statement from the G7 countries, pledging a commitment to market-determined exchange rates.
Reuters reported that gold rebounded from a one-month low, given a boost by a statement from the G7 countries, pledging a commitment to market-determined exchange rates.
As quoted in the press release:
Gold hit a low of $1,638.82 an ounce early on Tuesday, its lowest since Jan. 4, later rallying to $1,648.41 an ounce by 1521 GMT, flat on the day. U.S. gold futures for April delivery also were also steady at $1,648.70 an ounce.
