Monday, 02 July 2007

Gold jumps on dollar slump, security worries

(Reuters) - Security concerns and a sharp drop in the dollar helped gold hit its highest level in nearly two weeks on Monday, but investors were expected to trade cautiously ahead of the U.S. Independence Day holiday.

Gold rose as high as $658.80 an ounce, the highest since June 20, and was quoted at $658.10/658.70 at 1503 GMT, against $648.70/$650.20 in New York late on Friday and last week's three-month low of $638.90.


Read more at Reuters Africa

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