Friday, July 27, 2007

Gold rebounds after sell-off, Tokyo hits 1-month low

(Reuters) - Gold recovered on Friday after tumbling to its lowest in two weeks the previous day, while Tokyo futures slipped for the fifth day in a row to a one-month low as investors ditched their holdings.

"A plunge in U.S. shares has triggered some sell-offs in commodities, but the market is not panicking now. We've seen a similar turbulence in the last several months, so I think the market is getting used to it," said Shuji Sugata, manager at Mitsubishi Corp Futures and Securities.


Read more at Reuters Africa

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