Thursday, July 5, 2007

Gold gains on weaker dollar, firm oil

(Reuters) - A weaker dollar and firm oil prices lifted gold prices by about $2 an ounce on Thursday, but the market largely ignored announcements by European and UK central banks on interest rates.

Gold was at $656.20/656.80 an ounce by 1238 GMT, against $654.40/655.20 in late European trade on Wednesday, when the U.S. market was closed for the Independence Day holiday.


Read more at Reuters Africa

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