(Reuters) - Spot gold was quoted at $667.10/667.70 an ounce by 1008 GMT, against $667.00/667.80 late in New York on Thursday, when it rallied to as high as $669.05 as the dollar tumbled to a record low against the euro.
"Funds have been attracted into these markets because they are in an uptrend and that gives them an opportunity to make some money. They are making the markets more volatile," said Richard Davis, director of natural resources at Merrill Lynch Investment Managers.
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"Funds have been attracted into these markets because they are in an uptrend and that gives them an opportunity to make some money. They are making the markets more volatile," said Richard Davis, director of natural resources at Merrill Lynch Investment Managers.
Read more at Reuters.com Hot Stocks News
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