Thursday, June 21, 2007

Gold extends losses, hits one-week lows

(Reuters) - Gold extended losses on Thursday to slip to its lowest level in nearly a week, as a slightly firmer dollar triggered further selling, analysts said.

Gold fell as low as $652.60 an ounce, the lowest since June 15, and was quoted at $653.90/654.50 by 1002 GMT, against $654.50/656.00 in New York late on Wednesday, when it dropped around one percent on weaker oil prices.


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