Gold Rises After One-Month Low, Lifted by G7 Statement

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.

To view the whole Reuters report, click here.