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發表於 2009-7-9 21:54:20
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Gold ticks up as dollar weakens
Gold recovered a little bit in Europe on Thursday from the last session's eight-week low, as the weak U.S. dollar prompted buying of the metal as a currency hedge.
Spot gold was bid at $913.40 (U.S.) an ounce at 1105 GMT, against $908.45 an ounce late in New York on Wednesday. U.S. gold futures for August delivery on the xoxoEX division of the New York Mercantile Exchange rose $4.40 to $913.70 an ounce.
“This morning some support was derived from a weaker U.S. dollar,” said Alexander Zumpfe, a trader at precious metals house Heraeus. “Retail investor buying is a bit stronger again xoxopared to previous weeks.”
“Industrial demand, however, remains weak,” he added.
The soft dollar also helped other xoxomodities tick higher, while a recovery in stock markets after a five-day losing streak and a less cautious tone to currency markets suggested recent sessions' heavy risk aversion may be abating.
Gold, platinum, oil and copper sold off on Wednesday after news the U.S. xoxomodity Futures Trading xoxomission was considering a clampdown on excessive speculation. |
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