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發表於 2007-12-10 23:11:32
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Gold for February delivery gained $8.10 at $808.30 an ounce on the New York Mercantile Exchange. Other metals prices were mixed.
On Friday, gold dropped $6.90, but posted a weekly gain of $11.10.
"Interest rates, more credit-market jitters and contracting energy prices kept the precious metals in a volatile mood last week, and will be a feature in the week ahead as traders begin to position themselves for the pending holiday period and year-end," said James Moore, a Buillion analyst.
The dollar index, which tracks the performance of the dollar against a basket of other major currencies, dropped 0.3% to 76.045. The euro gained 0.4% at $1.4707 and sterling strengthened 0.6% at $2.0456.
"Gold is likely to take its cue from the Federal Reserve's interest-rate decision with further interest-rate cuts likely to weaken the dollar and bolster gold," said Mark O'Byrne, director at Gold and Silver Investments Ltd., in a research note.
The Federal Reserve is expected to trim rates by a quarter-percentage point on Tuesday for a third straight meeting, just days before government data are released showing some of the highest inflation rates in decades. |
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