Wednesday, July 18, 2007

Gold hits six-week high as dollar slumps

(Reuters) - Gold hit a six-week high on Wednesday as the dollar tumbled to a record low against the euro, but dealers traded cautiously ahead of a testimony by U.S. Federal Reserve Chairman Ben Bernanke.

Analysts were not yet convinced the upward price move was sustainable as recent spikes prompted investors to take profits.


Read more at Reuters Africa

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