Gold firms in Europe, aided by oil/dollar

BY

Gold rose on Monday, aided by firm oil and base metals prices and a weaker dollar, but the
precious metal needs to regain $660 an ounce to prove it has
turned its back on recent three-month lows, analysts said.

Traders said fund buying had triggered automatic buy orders in early trade, but some feared
gold may still lack the necessary traction to take it back into safer territory.

"Oil and copper momentum indicators are saying they are overbought at these levels...if either
dip, gold may lose ground again," analysts said.

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原帖由 BY 於 2007-7-9 07:19 PM 發表
Gold rose on Monday, aided by firm oil and base metals prices and a weaker dollar, but the
precious metal needs to regain $660 an ounce to prove it has
turned its back on recent three-month l ...

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