Friday, April 13, 2007

Gold rally slows, vulnerable to profit-taking

(Reuters) - Gold rose by just $1 on Friday despite a sharp drop in the dollar and firm oil prices, and analysts said the metal was vulnerable to profit-taking due to its failure to hold key levels.

Spot gold was quoted at $676.80/677.80 an ounce by 0950 GMT, versus $675.80/$676.30 late in New York on Thursday. The metal hit a six-week high of $681.30 on Tuesday.


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