On Wednesday, Gold rose as the dollar dipped after Singapore effectively revalued its currency, and as upbeat U.S. corporate earnings boosted appetite for currencies seen as higher risk.
The press release is quoted as saying:
Spot gold was bid at $1,153.15 an ounce at 1425 GMT, against $1,150.15 late in New York on Tuesday. U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange rose 20 cents to $1,153.60 an ounce.
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