Wednesday, April 25, 2007

Weaker US dollar, India buys lift gold

(Reuters) - Gold rose on Thursday on the back of a weaker U.S. dollar and purchases from Indian jewellers, but some dealers turned cautious after the metal's failed attempt to revisit $700.

"The metal's failure to decisively break the key resistances has knocked off the bullish sentiments, albeit marginally," said Pradeep Unni, analyst at Vision Commodity Services in Dubai.


Read more at Reuters Africa

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