Tuesday, May 1, 2007

Gold firmer on higher oil, Tokyo futures drop

(Reuters) - Gold rose on Wednesday on a rebound in crude oil, while Tokyo futures shrugged off a weaker yen and dropped on position-squaring ahead of a four-day holiday weekend.

The new benchmark gold futures for April 2008 delivery on the Tokyo Commodity Exchange ended the morning session down 7 yen per gram at 2,629 yen. It had traded in range of 2,626 to 2,631 yen.


Read more at Reuters Africa

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