Gold strengthens as dollar retreats

On Monday, Gold rose as the euro strengthened versus the dollar. This happened after euro zone finance ministers agreed on a rescue package for Greece, though the currency’s retreat from earlier highs prompted some profit-taking.

The press release is quoted as saying:

Spot gold was bid at $1,163.65 an ounce at 11:32 a.m. EDT (1532 GMT), against $1,159.00 late in New York on Friday. U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange rose $2.80 to $1,164.70 an ounce.

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