Thursday, May 31, 2007

Gold rebounds but stuck in range ahead of US data

(Reuters) - Gold gained on short-overing on Thursday but was likely to trade in a tight range as investors awaited the release of U.S. data, which may cool expectations of interest rates cuts.

The market is waiting for Thursday's revision of U.S. first-quarter GDP figures and Friday's Labor Department May employment report after the U.S. dollar rose following the release of the Federal Reserve's policy minutes.


Read more at Reuters Africa

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