Friday, May 4, 2007

Gold jumps 1 percent on weak dollar, fund buying

(Reuters) - Jonathan Jossen, an independent trader, said from the COMEX floor that gold jumped largely because of a reversal of the dollar against the other major currencies.

"I think we are just catching up to where we should have been," Jossen said. He also cited strength in copper, silver and crude oil as well as higher open interest in gold futures.


Read more at Reuters.com Hot Stocks News

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