Thursday, June 28, 2007

Gold recovers from 3-mth low on bargain hunting

(Reuters) - Tokyo gold futures also gained ground as the yen's three-day rally against the dollar fizzled and triggered a wave of short-covering.




Spot gold stood at $644.60/646.10 an ounce as of 0728 GMT, versus $642.50/644.00 in late New York. On Wednesday, it fell as low as $638.90, the lowest since March 14, as investors cashed in gold, amid worries over troubled U.S. mortgage securities.


Read more at Reuters.com Hot Stocks News

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