Gold hits 10-week high as dollar steadily weakens

(Reuters) - A breach of $677 an ounce and a further push beyond $682 might set gold for a move toward $700, analysts said. But they cautioned that the metal remained vulnerable to profit-taking.




Peter Hillyard, head of metals sales at ANZ Investment bank, said many factors combined to push gold through the $670 barrier, changing the complexion of the market.


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