Thursday, May 31, 2007

Gold rises on inflation concerns, TOCOM up 1 pct

(Reuters) - Gold rose on Friday after posting strong gains the previous day amid growing inflationary concerns and a rally in base metals, with strength in Japanese gold futures providing additional support.

Follow-up short-covering emerged in Asia to push cash prices to their highest in more than a week, but traders were careful about buying heavily following falls in the last week and after hitting technical resistance.


Read more at Reuters Africa

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