Wednesday, May 30, 2007

Gold rises ahead of Fed minutes, Tokyo rebounds

(Reuters) - Gold rose on bargain hunting on Wednesday, but investors may be careful about chasing the metal too strongly ahead of the release of U.S. economic data which may determine its direction.

Tokyo futures ended higher to track gains in New York's COMEX but many private investors were still reluctant to enter the volatile market. Purchases by Japanese investors helped propel cash gold to multi-year highs in 2006.


Read more at Reuters Africa

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