Tuesday, July 24, 2007

Gold hits 11-week high on record low dollar

(Reuters) - Gold hit an 11-week peak and silver rose to its highest in seven weeks on Tuesday, powered by the dollar that plunged to a new historic low against the euro.

Gold has gained about seven percent, or nearly $50, since a trough at the end of June. By 1403 GMT, spot gold stood at $684.05/684.65 a troy ounce after rising as high as $687.10, against $681.00/$681.80 in New York late on Monday.


Read more at Reuters Africa

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