Thursday, April 5, 2007

Gold near 5-week high, eyes U.S. dollar

(Reuters) - Traders said gold would be supported by a steady dollar and slightly firmer oil prices, and a large sell-off was unlikely ahead of the Easter holiday.

Spot gold hit a high of $674.70 an ounce before easing to $672.40/673.40 by 0951 GMT, versus $673.80/674.30 late in New York on Wednesday, when it jumped to its highest since March 1 at $675.80 on a weak U.S. dollar.


Read more at Reuters.com Hot Stocks News

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