Thursday, May 24, 2007

Gold ticks up but dented by dollar, TOCOM slides

(Reuters) - Gold crawled up on Friday on light short-covering but held within sight of its lowest level in nine weeks, pressured by the recovery of the dollar, which had prompted investment funds to slash positions in the metal.

Key Tokyo Commodity Exchange gold futures fell 1.6 percent to a seven-week low as Japanese investors heavily liquidated their position after this week's falls.


Read more at Reuters Africa

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