Sunday, May 6, 2007

Gold Little Changed Near Two-Week High on Weak Dollar; Tokyo Rises Limit

(Bloomberg) -- Gold was little changed in Asia after reaching a near two-week high as investors' concerns about the weak U.S. dollar supported the precious metal. Tokyo gold futures rose the daily limit.

Investors usually prefer holding gold to store value when the U.S. currency is declining. The dollar has fallen to a near 10-year low, according to a Federal Reserve index that weighs trade with 38 countries including China, Mexico, Canada and countries in Europe.


Read more at Bloomberg Commodities News

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