(Reuters) - Spot gold was at $651.10/652.60 an ounce, little changed from $651.30/652.80 late in New York on Thursday, when it dropped to an intraday low of $647.50 an ounce as a firm dollar reduced its appeal as an alternative investment.
But gold was likely to find solid support at $650 from now on, which would encourage investors to buy again, said Yukuji Sonoda, precious metals analyst at Daiichi Commodities in Tokyo.
Read more at Reuters.com Hot Stocks News
But gold was likely to find solid support at $650 from now on, which would encourage investors to buy again, said Yukuji Sonoda, precious metals analyst at Daiichi Commodities in Tokyo.
Read more at Reuters.com Hot Stocks News
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