Wednesday, July 11, 2007

Gold creeps up near 1-month high as dollar dips

(Reuters) - Gold edged up near a one-month high on Thursday as the dollar's falls and sharp volatility in U.S. stock and bond markets this week induced safe-haven buying.

Funds flocked into precious metals as they were cheaper relative to other commodities such as crude oil and industrial metals, which have risen more sharply in the last several weeks.


Read more at Reuters Africa

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