Spot Gold in Hong Kong Rebounds on US Dollar Weakness

Source: Platts.comáá(10/5/07)

Hong Kong gold prices rebounded from earlier losses Friday and opened sharply higher at $735.60-736.10/oz, compared with Thursday's close of $725.60-726.10/oz.


Hong Kong gold prices rebounded from earlier losses Friday and opened sharply higher at $735.60-736.10/oz, compared with Thursday's close of $725.60-726.10/oz. Local traders said gold in Asia took its cue from the higher New York close on Thursday of around $737.50/oz...

Meanwhile, gold futures contracts trading on the Tokyo Commodity Exchange moved higher on Friday, following stronger US prices.

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