Wednesday, July 25, 2007

Gold off 1-week low, Tokyo futures extends losses

(Reuters) - Gold rose on Thursday after falling to its lowest in a week on Wednesday on a firmer U.S. dollar, while Tokyo futures fell for the fourth day in a row, tracking sharp losses on New York's COMEX market.

Spot gold rose to $675.80/676.60 an ounce at 0255 GMT, from $674.40/675.20 late in New York on Wednesday, when it dropped to as low as $670.50 after a recovery in the dollar sparked heavy liquidation.


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