Sunday, July 8, 2007

Gold ticks up on oil, Tokyo futures at 2-week high

(Reuters) - By 0345 GMT, cash gold was trading at $654.40/655.00 an ounce from $653.80/654.60 late in New York on Friday, when it rose more than $4 an ounce.




"Fresh funds are flowing into gold as we're in the early part of the third quarter, although the market is still nervous because of uncertainty over the outlook for global interest rates," said Shuji Sugata, manager at Mitsubishi Corp Futures and Securities.


Read more at Reuters.com Hot Stocks News

No comments: