Friday, August 3, 2007

Gold hits 1-week high as dollar drops on jobs data

(Reuters) - Gold jumped more than one percent to a one-week high on Friday as a fall in the dollar after lower-than-expected U.S. data on jobs growth prompted investors to buy bullion.

Gold rose as high as $671.25 an ounce and was quoted at $669.60/670.40 by 1423 GMT, against $664.30/664.90 in New York late on Thursday.


Read more at Reuters Africa

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