Friday, May 4, 2007

Gold hits 2-week high as US jobs data disappoints

(Reuters) - Gold prices jumped to a two-week high on Friday after weak jobs data from the United States raised speculation of a rate hike and weaker dollar, which boosted sentiment in the precious metals market.

Spot gold at 1315 GMT was up at $688.70/689.20 an ounce, slightly below the session peak of $688.90, which was the highest since April 24.


Read more at Reuters Africa

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