Thursday, July 26, 2007

Gold slips to one-week low on profit-taking

(Reuters) - Gold slipped to a one-week low on Thursday as investors took profits from its 11-week highs, but analysts said firmer oil prices and weaker dollar outlook might support the metal.

Spot gold rose as high as $676.60 an ounce before falling to $666.40. It was quoted at $670.25/670.85 by 1431 GMT, against $674.40/675.20 late in New York on Wednesday when it dropped about 1.5 percent.


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