Gold slips from 1-week high

On Friday, Gold dropped after rising to a one-week high the previous day as the euro softened against the U.S. dollar, and investors also waited for more details from a European rescue plan for debt-ridden Greece.

The press release is quoted as saying:

Gold fell $5.75 to $1,090.10 an ounce by 0634 GMT. It hit an intraday high of $1,097.75 on Thursday as investors turned to bullion as a hedge against currency volatility following a pledge by the European Union to help Greece.

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