Thursday, May 17, 2007

Gold loses one pct as investors step away

(Reuters) - Gold fell by around one percent on Thursday extending the previous day's losses to a six-week low, hurt by a stronger dollar, long liquidation and sharp losses in the base metals complex, traders said.

Spot gold fell as low as $655.79, its weakest since the end of March. It last traded at $656.40/656.90 an ounce by 1414 GMT, down from $661.60/663.10 late in New York on Wednesday.


Read more at Reuters Africa

No comments: