Gold Prices Close Sharply Higher After Early Slump

Source: RTTNews.com  (10/4/07)

Gold prices soared again yesterday in U.S. trading, erasing some of its losses from earlier in the week. December gold added $8.10 to finish at $743.80 an ounce. Earlier, it had dipped to as low as $726.30, its lowest level in more than two weeks.


Gold prices soared again on Thursday in U.S. trading, erasing some of its losses from earlier in the week. December gold added $8.10 to finish at $743.80 an ounce. Earlier, it had dipped to as low as $726.30, its lowest level in more than two weeks.

The metal rebounded as the greenback slipped against the euro on weak economic data in the U.S. After reaching a 10-day high against its European counterpart, the dollar dropped in the mid-morning. Last week, gold moved to a 27-year high as the greenback fell to a record low against the euro.

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