Friday, August 3, 2007

Gold edges higher on stabilising stock markets

(Reuters) - Gold edged higher on Friday as signs of stabilising equity markets encouraged investors to buy the metal, while a rise in the amount of bullion held by a key gold exchange traded fund to a record high lent support.

Spot gold was trading at $665.90/666.30 an ounce as of 0630 GMT, compared with $664.30/664.90 late in New York on Thursday.


Read more at Reuters Africa

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